Tax Notice for Balance Due

Did you already pay the taxes you owed on your 2019 tax return due July 15, 2020?

The IRS has been sending 2019 balance due notices to taxpayers, even to those taxpayers who may have sent in checks with their tax filings. The IRS offices were closed earlier this year due to COVID-19, and any unopened mail received during that time was stored in trailers outside IRS facilities. Now that more IRS employees are returning to work, they are sorting through and processing the mail. 

What should you do?

If you receive an IRS balance due notice regarding owed taxes, do not put a stop order on the check. Confirm for yourself that you mailed the payment, and then verify that the funds are still available in the account to cover the check. The IRS will use the date that the check was received as the payment date versus the processing date. This will eliminate any unnecessary late interest and late payment penalties.  The IRS doesn’t recommend calling the agency regarding the notice.

The IRS is providing relief from bad check penalties for dishonored checks received between May 1, through July 15, due to the IRS delays in processing.  However, late interest and late payment penalties may apply.

If you have questions, please contact us at 401-831-0200. 

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