17 NCAC 01C .0512. EFT PAYMENT PROCEDURES ‑ WIRE TRANSFERS

(a)  Taxpayers who are unable to initiate a timely payment of tax through the ACH Debit method or the ACH Credit method due to circumstances beyond their reasonable control may request the Department's permission to transmit payments of tax to the Department's account via wire transfer.

(b)  Prior to initiating the transmission, the taxpayer must contact the Department through the EFT Hotline.  The taxpayer must present the emergency situation which prevents timely compliance under the ACH method for which they are approved and request approval to wire transfer the tax payments in question to the Department's account.

(c)  Taxpayers who are granted approval to use wire transfer as an exception to either the ACH Debit method and ACH Credit method shall be given specific instructions regarding the format of the O.B.I. field record and the payment information that must accompany the wire transfer.

(d)  The Department shall not bear the cost of initiating a wire transfer.

(e)  Wire transfers which are not received by the Department on or before the due date of the transmitted payments of tax shall constitute late payment.

 

History Note:        Authority G.S. 105‑241; 105‑262;

Eff. October 1, 1993.