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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
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Experience:  10 years experience
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If paying a CP161 through EFPTS do you reference 941 and the

Customer Question

If paying a CP161 through EFPTS do you reference 941 and the tax period it relates to?
JA: The Accountant will know how to help. Please tell me more, so we can help you best.
Customer: I have to pay a penalty for a prior quarter (CP161) I want to pay through EFPTS. Do I enter 941 and the quarter referenced to pay?
JA: Is there anything else the Accountant should be aware of?
Customer: no
Submitted: 2 months ago.
Category: Tax
Expert:  emc011075 replied 2 months ago.

Hi. My name is ***** ***** I will be happy to help you.

If you want the payment to be applied to this specific quarter, yes you need to be specific how to apply the payment. Otherwise the IRS will apply the payment to the earliest balance due.

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