Friday, April 03, 2009

IRS Plays Good Guy

If you file your income tax electronically, owe money and elect to have the money automatically taken out of your bank account, the IRS will make the withdrawal on April 15th. What I found out this week is that they verify your account information before that and, if there is a problem, they send you a notice along with a payment voucher which you can use to pay by check. That actually is a pretty cool thing. A lot of bank mergers have occurred recently (think FDIC takeovers), and account number changes have got to be pretty common these days. If the IRS waited until April 15th to make the withdrawal and found the problem on that date, by the time it was straightened out you would be in default.

Fancy that. The IRS as the good guys. Way to go.

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