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Old 04-22-2008, 12:20 PM
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Tax Tips for E-Filed Extensions

1. Taxpayers should check with their respective tax preparers and CPA's to ensure that their E-File Extension Forms were accepted by the Federal (IRS) and State Tax Authorities.

2. Taxpayers should also check their bank accounts to determine whether or not their electronic extension payments, if any, were timely debited by the Federal (IRS) or the State Tax authorities.

If not, they should immediately contact their CPA's or tax preparers so that they can make the appropriate steps to fix this problem.

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Old 04-22-2008, 07:45 PM
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Is there a way I can get the penalties & interest waived if the e-Payment failed?

Thanks for letting me know this, I really thought that this whole process was automatic, until I checked today with my CPA, per your advice!

Let me share my experience today, I checked my bank acct and noticed that the IRS had not debited my tax liability on April 15th. I was worried because I didn't want the IRS to come after me!!!!

My CPA said something to the effect that the Software company was unable to process my Federal e-Payment information, and he wanted me to make a paper voucher payment instead!

I was quite upset by the whole process and I may be faced with penalties and interest for the late payment of my federal taxes. This has never happened before.

Is there a way I can get the penalties and interest waived?



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