When does the payment gets withdrawn from my bank account for the EFW payment option?
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Last modified 4/6/2022 10:43:00 AM EST |
Added by ExpressExtension Team
If you are filing Form 7004, you may choose the Payment Requested Date, which must be within 5 days from the date of filing.
For 4868, the Payment Requested Date will default to the filing date of your extension. This is when the actual debit happens.
Note: When you choose this method, ensure you have sufficient funds in your account on the withdrawal date to avoid interest and penalties from the IRS.
If the payment date you requested to debit from your account is a weekend or bank holiday, the payment will be withdrawn on the next business day.
In case the payment withdrawal does not take place on the expected date, say two days from the requested date, you can reach out to our support team at 803-514-5155 or write us an email at [email protected] We are here to help!