Can I Cancel My IRS Electronic Funds Transfer?
If you’ve e-filed your extension and set up an IRS electronic funds transfer to pay your taxes, you won’t be able to make any changes to your withdrawal details. For example, you are not able to change the date, account number, or amount after it has been set.
Your only option is to cancel the payment and choose a different payment method. The IRS requests that you call their e-file payment services at 888-353-4537. Additionally, cancellation requests cannot be received later than 11:59 p.m. Eastern Time two business days prior to your scheduled payment date.
What Is Electronic Fund Withdrawal?
Electronic Funds Transfer (a.k.a. Electronic Fund Withdrawal) is an e-pay option offered when filing your federal taxes using tax preparation software or through a tax professional. This option allows you to submit payment via direct debit from your bank account.
If you have unfiled tax returns, the IRS usually only requires individuals to file returns for the past six years to be considered in filing compliance. Learn more from the experts at H&R Block.
Learn more about notice CP2501, why you received it, and how to address a return discrepancy notice with help from the tax experts at H&R Block.
Learn what to do if you did not receive a W2 with help from the tax experts at H&R Block.
The IRS requests that you have more taxes withheld from your paycheck. Learn more about IRS letter 2802C from the tax experts at H&R Block.