confused about EFTPS


J

JGE

I am profoundly confused about EFTPS. I wish to file for the
automatic
6-month extension for 2009 and pay what I think I'll owe. I have set
up
an account at eftps.gov and made a payment; when making the payment,
I specified that it was for an extension for 2009. Am I done ? Do
I still
need to mail in Form 4868 ? If so, how do I indicate on the form
that
I made the payment via EFTPS ?

Similarly, if I set up my estimated tax payments for 2010 using EFTPS,
do I need to still mail in the various Form 1040ES ?

Thanks.
 
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A

Alan

I am profoundly confused about EFTPS. I wish to file for the
automatic
6-month extension for 2009 and pay what I think I'll owe. I have set
up
an account at eftps.gov and made a payment; when making the payment,
I specified that it was for an extension for 2009. Am I done ? Do
I still
need to mail in Form 4868 ? If so, how do I indicate on the form
that
I made the payment via EFTPS ?

Similarly, if I set up my estimated tax payments for 2010 using EFTPS,
do I need to still mail in the various Form 1040ES ?

Thanks.
When you use EFTPS to schedule your payments, you no longer have
to mail the applicable forms or vouchers.
 
J

JGE

When you use EFTPS to schedule your payments, you no longer have
to mail the applicable forms or vouchers.
Thanks much for responding. I figure there must be a limit to this
though, because obviously you can't just EFTPS a payment of tax
due on your final 1040, without actually filing the 1040.
 
A

Alan

Thanks much for responding. I figure there must be a limit to this
though, because obviously you can't just EFTPS a payment of tax
due on your final 1040, without actually filing the 1040.
I was merely referring to your specific question on estimated
payments and an extension. My answer was not meant to be
universal. You can pay the amount due 4/15 on your 1040 via EFTPS
but you still have to file the return. I stopped using EFTPS when
I discovered that I could schedule electronic withdrawals for my
annual tax due and estimated tax payments with my e-filed annual
tax return.
 
B

bill-deja

I am profoundly confused about EFTPS.   I wish to file for the
automatic
6-month extension for 2009 and pay what I think I'll owe.   I have set
up
an account at eftps.gov and made a payment; when making the payment,
I specified that it was for an extension for 2009.   Am I done ?   Do
I still
need to mail in Form 4868 ?   If so, how do I indicate on the form
that
I made the payment via  EFTPS ?

Similarly, if I set up my estimated tax payments for 2010 using EFTPS,
do I need to still mail in the various Form 1040ES ?

Thanks.
I'm not an expert, but the instructions for form 4868 say that there
are three ways to apply for extension. (1) efile, (2) pay with a
credit card, or (3) file a paper form. Simply making a payment using
EFTPS doesn't seem to fall into any of the three. Absent someone
being able to point at chapter and verse saying that just paying on
EFTPS is okay, I'd play safe and paper file entering 0 on line 7 (and
because I'm paranoid I'd use some date verifiable method of
mailing). Or (as I once did) it might be cheaper to use option 2,
pay the service fees, and pay a buck.

For payment vouchers like 1040ES and 1040V, you don't need to paper
file if you are using EFTPS.

WIll
 
J

JGE

Alan says:

But Will says:
I'm not an expert, but the instructions for form 4868 say that there
are three ways to apply for extension.   (1) efile, (2) pay with a
credit card, or (3) file a paper form.   Simply making a payment using
EFTPS doesn't seem to fall into any of the three.  
So we seem agreed that no separate paper or e-file is
required when making estimated-tax payments at EFTPS,
but there seems to be no consensus on whether simply
making an EFTPS payment for an extension suffices
(or whether Form 4868 must be filed).

I called EFTPS, and they just say "you must ask the IRS".
After waiting 15 min for an IRS person, all they could do was
to read the instructions by rote, which I'm browsed online with
no clear answer. It's kinda ridiculous.
 
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A

Alan

Alan says:


But Will says:


So we seem agreed that no separate paper or e-file is
required when making estimated-tax payments at EFTPS,
but there seems to be no consensus on whether simply
making an EFTPS payment for an extension suffices
(or whether Form 4868 must be filed).

I called EFTPS, and they just say "you must ask the IRS".
After waiting 15 min for an IRS person, all they could do was
to read the instructions by rote, which I'm browsed online with
no clear answer. It's kinda ridiculous.
I contacted EFTPS: You must send the 4868 to the IRS service
center. As many states piggyback off the 4868, filing the form
will cover both federal and state extensions for applicable states.
 

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