Jump to content
ATX Community

Recommended Posts

Posted

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.

  • Sad 1

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...