Does anyone have a link handy to the IRS
https://www.eftps.gov/
we've been using this for years to set up auto debits from a bank account.
Already scheduled via eftps.gov
+1. And I mail this check around 3pm to make sure it takes that extra dayI like to mail them a check because it takes them awhile to cash it.
Does anyone have a link handy to the IRS site that explains how to do this?
I've been using the IRS direct debit site for about 6 years now and find it to be very useful. However, it would be more useful if you could schedule your four quarterly payments all at once. Instead, it only allows scheduling debits within a 30 day period of payment due date. So, I still need to program my calendar to remind me througout the year to schedule the others, one at a time.
-BB
The eftps.gov site lets you schedule all four payments at once.
The eftps.gov site lets you schedule all four payments at once.
I expect that my savings account will notify me around 8am tomorrow that the IRS has pulled out a pretty significant sum!!!
They just notified me they pulled out my $$$ at 1:45 am EST.
Magically it was scheduled to occur just 21 minutes before my ACH into the bank happened.. My bank likes to play the game of catch someone short by manipulating the order of actions.
No, it won't cause an issue as I wasn't that short, since I learned about their ways.
Sounds similar to our situation. A one-time sale of our house in the Bay Area of California late last year that we owned for over 23 years (plus had deferred capital gains on the house we owned prior to that for 9 years) yielded a whopping capital gains tax bill (even after the $500K exemption). A first world problem, to be sure. A quick check in TurboTax last week yielded no late penalty.If you have already paid 100% (110% to be safe) of what you owed in total for 2017, you don't have to pay any more right now.
I hope I have that right. I owe about $50,000 but I didn't pay much tax last year (like $600) and I made a 1Q 2018 estimated tax payment of $2000.
So essentially the IRS can go take a long walk off a short pier until April.
I can make a few hundred off that $50k by putting it in a saving account until then.