Prior to the tax filing and payment extensions, many taxpayers set up electronic payments on or before April 15th to pay taxes due for 2019.
But now, with the extensions of time to pay, many people do not realize that you can cancel those previously scheduled payments, and defer payment until July 15th for federal and NY, and June 30th for NJ.
Usually you need to do this 48 hours or more before the scheduled electronic payment date.
IMPORTANT NOTE: If you do this, you will need to reschedule those payments for a later date using the various online systems.
To cancel previously scheduled payments:
IRS
Call IRS e-file Payment Services 24/7 at 1-888-353-4537 to inquire about or cancel your payment, but please wait 7 to 10 days after your return was accepted before calling.
NJ
https://www1.state.nj.us/TYTR_RevTaxPortal/servlet/Login/IndividualOptions
NY
For assistance canceling all other scheduled electronic payments, call 518-485-7884 to speak with a representative.
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Chris Whalen, CPA
(732) 673-0510
81 Oak Hill Road
Red Bank, NJ 07701
www.chriswhalencpa.com
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