Will the tax payments I have scheduled to be made on 4/15 automatically be rescheduled to be made on 7/15 due to the change of deadlines?

  • Article Type:
  • How To
  • Last Modified:
  • 03/31/2020

Objectives

To address whether the payments that were scheduled to be paid to the IRS on 4/15 will be automatically rescheduled to be paid later due to the filing and payment deadlines being changed to 7/15/2020.

 

Environment

  • CCH ProSystem fx Tax
  • CCH Axcess Tax
  • Payments

Procedure

No, the payments that were setup to be made on 4/15 will not automatically change to the 7/15 deadline. Depending on the method the payments were setup to be made by, there are different options for canceling the payments and then rescheduling them for 7/15. 

From the IRS FAQs regarding COVID19 Reaction - Filing and Payment Deadlines Questions and Answers:
  1. I already filed my 2019 income tax return that would have been due on April 15 and scheduled a payment of taxes for April 15, 2020. Will this payment be automatically rescheduled to July 15, 2020?
No, the payment will not be automatically rescheduled to July 15. If you do nothing, the payment will be made on the date you chose. Here is information on how to cancel and reschedule your payment:
  • If you scheduled a payment through IRS Direct Pay, you can use your confirmation number from the payment to access the Look Up a Payment feature. You can modify or cancel a scheduled payment until two business days before the payment date. The email notification you received when you scheduled the payment will contain the confirmation number.
  • If you scheduled a payment through Electronic Federal Tax Payment System (EFTPS), click on Payments from the EFTPS home page, login, then click Cancel a Tax Payment from the left menu and follow the instructions. You must do so at least two business days before the scheduled payment date.
  • If you scheduled a payment as part of filing your tax return (authorizing an electronic funds withdrawal), you may revoke (cancel) your payment by contacting the U.S. Treasury Financial Agent at 888-353-4537. You must call to make a payment cancellation request no later than 11:59 p.m. ET two business days prior to the scheduled payment date.
  • If you scheduled a payment by credit card or debit card, contact the card processor to cancel the card payment.

Additional Information

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