EFTPS - Failed Payment - TMI Message Board

Hoosier

Senior Member

Join Date: Apr 2006

Posts: 174
#1

EFTPS - Failed Payment

12-29-2021, 05:12 PM

Payroll Tax Question... When a taxpayer makes a 941 payroll tax deposit using EFTPS, and the bank account from which the funds are to be pulled does not have sufficient funds to cover the payment, the transaction will be rejected. Does IRS charge a fee to the taxpayer when this occurs?
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TAXNJ

Senior Member

Join Date: Jan 2007

Posts: 2106
#2

12-29-2021, 07:21 PM

See if this applies

Dishonored check or other form of payment penalty | Internal Revenue Service

https://www.irs.gov/payments/dishonored-check-penalty

Calculate, pay or remove the Dishonored Check Penalty when your bank doesn’t honor your check or other form of payment.

and

https://www.irs.gov/taxtopics/tc206

Last edited by TAXNJ; 12-30-2021, 08:08 AM.

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