Corduroy Frog Posted 7 hours ago Report Posted 7 hours ago I arranged for "Bob" to pay his tax liability ($3000) with a bank draft to occur on 04/15. Didn't happen. Bob says all that happened was a $30 charge from the credit union for a disallowed check. Here's why (I think). On such planned withdrawals, Drakes asks us to designate "checking" or "savings." I indicated checking, as the taxpayer did not indicate any other preference. "Bob" says he put $3000 in savings for the IRS to take. When confronted with a draft, most banks/creditunions will transfer the money to checking so long as there are funds in savings to cover. This credit union did not. These are the facts. My question now is "What should the taxpayer do to pay the IRS?" Will there be a collection letter forthcoming? Will the IRS try again? If so, when?? "Bob" is waiting for me to tell him what to do. To be honest, I don't know. 1 Quote
Lion EA Posted 6 hours ago Report Posted 6 hours ago Send him to IRS's Direct Pay immediately. He gets an instant confirmation of payment. You can calculate his P&I to pay, or he can wait for the IRS letter with P&I. Quote
Corduroy Frog Posted 5 hours ago Author Report Posted 5 hours ago Thanks Lion. I have provided him with the Direct Pay website. I hope he knows how to use it. Quote
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