Estimated Tax payment for 9/16

Forum|Forum|1 year ago
October 14, 2024
2 replies
13 views

Client wants to make a Federal estimated tax payment as soon as possible. I set it up for Q3 and the summary says 9/16. I set it up for Q4 and the Fin Trans Summary say 1/15/2025. <Support taking a long time so maybe this is faster.>

Lacerte Tax

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Best answer by PhoebeRoberts

Nothing would happen (no direct debit). You'll get a diagnostic that says "TOO LATE."

Client needs to use IRS DirectPay.

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strongsilenceAuthor

Level 10

Per Lacerte database:

How do I set or change the electronic withdrawal date of a payment?

Agent Information: The payment wizard uses the in the e-file code. This is the date the payment will actually be withdrawn from the account and is either the default date due for that quarter or the override the customer entered. Even if the client transmits today, the payment processing date will be the date in the e-file.

Comment: I think that means the date in the e-file is 9/16.

Comment: California payment dates can be overridden. I don't see a place to override Federal ES payment dates.

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strongsilenceAuthor

Level 10

What would happen if I e-file it with a payment set up for 9/16?