Idaho Electronic Tax Payments On YouTube
- Sales Tax News
- Jun 25, 2012 | Susan McLain
Idaho House Bill 360, signed by the governor February 8, 2012, amends “…section 63-117, Idaho code, to authorize the state tax commission to accept payment of taxes by means of an electronic payment processor.”
The Act became Session Law Chapter 5.
In response to this new capability, Idaho State has developed some new videos to help consumers and businesses take advantage of the new law.
Their YouTube Channel currently has three videos:
- Sign up to e-file
- Changes in the New TAP (Taxpayer Access Point)
- How to get your payment applied correctly
Idaho State accepts Electronic Funds Transfer (EFT) using Automated Clearing House (ACH) debit or credit, a debit/credit card and electronic checks. “Future video plans for the Tax Commission’s YouTube channel include guides for filling out a return correctly, common errors to avoid, and the benefits of electronic filing.”
NOTE: Fees may apply when using the electronic payment methods ACH Credit, Credit/Debit Card or Electronic Checks. Access Idaho, the State’s third-party provider may assess a convenience fee.
When Electronic Payments Are Required
According to the Idaho Tax Commission website, “If you’re making a payment of $100,000 or more, Idaho law requires you to use ACH Debit or ACH Credit for all taxes except individual income taxes. If you don’t pay by ACH Debit or ACH Credit when it’s required, we may charge you interest and a $500 penalty.”