Thursday, April 6, 2017

Important Information Regarding Extensions - Bank Cutoff Dates - Filing Deadlines



Valued Refunds Today Customer:
This email contains some important information regarding end of season filing dates, extensions, and bank cutoff dates.  Please take the time to read it and contact Refunds Today Support should you have any questions.

Tax Year 2016 Filing Deadlines

2016 e-file Calendar
Filing Deadline
Last date for transmitting timely filed returns
April 18, 2017
Last date for transmitting timely filed Forms 4868
April 18, 2017
Last date for re-transmitting rejected timely filed returns
April 23, 2017
Last date for re-transmitting rejected timely filed Forms 4868
April 23, 2017
Last date to submit new IRS e-file Applications
No cut-off date
Last date for transmitting returns on extension from Form 4868
October 16, 2017
Last date for re-transmitting rejected late or returns on extension from Form 4868
October 21, 2017

Extensions

Don't miss out on one of the last chances to increase your Income Tax profits! Begin e-filing your client's Federal Form 4868 extensions.  You can increase your profits and provide better customer service by offering your clients the peace of mind that 4868 e-filing provides.
  • Assurance that the IRS will receive the extension on time, as you will receive an IRS acknowledgement receipt
  • Assurance that the extension will not be "lost in the mail"
  • Relief in knowing neither you nor your clients will have to wait in long lines at the post office
  • Best of all, it's fast and easy to e-file extensions

Form 1099-A/1099-C Assistance

Form 1099A and/or 1099C customer requests for assistance may not get an answer to their individual situations prior to the filing deadline.  We recommend that you submit an extension now and avoid any potential penalties for not filing in a timely fashion.

4868 General Information

It is suggested to submit any extensions at the latest by 10:00 PM YOUR local time on April 18th although the IRS deadline is 11:00 PM. The last day to retransmit rejected timely filed Forms 1040 or Extension Forms 4868 and gain IRS acceptance is Saturday, April 23rd , 2017.  The cost for each E-filed extension is $5.00.
Detailed instructions for successfully filing Form 4868 can be found on the Refunds Today website under Support > Miscellaneous Forms.

Check Form 4868 Statuses

1.     Checking Extension Form 4868 Status
a.     Click on Reports > Reports List > IRS Extension Summary. Click OK.
b.     Default Report Criteria should display Extensions filed. Click OK to view all extensions filed.
c.     This report will show all accepted or rejected 4868 returns.
Note:    This report is used to check the "EF Status" of Extension Forms 4868.

Making Payments

Electronic Funds Withdrawal

The Refunds Today software supports electronic funds withdrawal with Form 4868. If the taxpayer is filing an extension, they are still required to make any payment due by April 18th. On the Main Information Worksheet under the Self-Select and Practitioner Pin(s) section, be sure to select the Form 4868 with Direct Debit in both places. Make sure to enter the PIN information for this type of return.

Mailing a Payment

If the taxpayer mails the payment, Form 1040-V is not required. The taxpayer simply needs to write their Social Security number, daytime telephone number, and "2017 Form 4868" on the check or money order.

Credit/Debit Card Payments

For the 2017 filing season, the IRS supports the following e-pay service providers for both electronic and paper filers. Each company has its own convenience fee schedule, and each offers both phone and Internet payment services. A full list can be found on the IRS website at http://www.irs.gov/uac/Pay-Taxes-by-Credit-or-Debit-Card

Service Provider
Telephone
(English/Spanish)
Website
Convenience Fees
(Credit Card)
Convenience Fees
(ATM/Debit-Card)
Customer Service Number
Link2Gov Corporation
1-888-PAY1040tm
(1-888-729-1040)
1.87%
$2.59
1-888-658-5465
WorldPay US, Inc.
1-844-729-8298
1.98%
$2.69
1-855-508-0159
(live operator)
1-844-825-8729
(automated - 24/7)
Official Payments Corporation
1-888-UPAY-TAXtm
(1-888-872-9829)
2.00%
$2.50 ($3.95 flat fee over $1,000)
1-877-754-4413

Bank Product Deadlines

BANK
Phone Number
Last Day to Apply
Site Printed Check
ACH - Direct Deposit
Check Stale Date
TPG
800-779-7228
10/20/2017
10/31/2017
12/31/2017
90 Days after printing
Refund Advantage
800-967-4934
Year Round
Year Round
Year Round
12/31/2017
River City
888-820-7848
12/9/2017
6/15/2017
12/31/2017
6/17/2017
Republic
866-491-1040
10/15/2017
6/1/2017
12/31/2017
6/30 or 90 Days after checks are printed

If you have any questions, please contact the Refunds Today Support Staff at 323-261-0240