Back in the days when I still mailed checks, I once got a notice from the IRS saying that I hadn't paid my taxes. This was long after they cashed the check. Fortunately, I was able to provide them with copies of the front & back of the check, and they credited my account.I suspect problems like that are less likely with electronic payment.============================Generally, that's probably true.When submitting a payment via EFTPS, you have to be very careful that you have correctly entered:1. The correct type of tax (for businesses)2. The correct periodOtherwise, the payment will be applied to the wrong account, or the wrong period. With a computer, doing it onscreen, you should look carefully. But some people do it by touch-tone phone, and that's easier to make that kind of mistake.Correcting EFTPS errors isn't as simple as it could be. Back in early April, I submitted a payroll tax deposit for a client and had it credited to the June quarter (after all it was April <g>) when it was the deposit for March's payroll liabilities. I had to wait 10 days after the deposit settled, call the IRS (not the EFTPS people) and have the deposit moved to the correct quarter. Ira
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra