The authorization date of my electronic payment
is after the due date. Am I going to be charged interest and late fees?
If you are making an
electronic payment on or before its due date, no interest or late fees will be
charged. The payment is considered timely. If the authorization date provided is
after the due date, it is due to a one business day lag period required by our
bank. Saturdays, Sundays and bank holidays are not considered business days.
For example, if an
employer was making an electronic payment on 7/31/06, for the second quarter of
2006 return, the authorization date for the electronic payment may not be until
8/2/06 (the next business day, depending on what time the payment is being
made). This payment would still be considered timely.