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150-102-041, Estimated Corporation Excise & Income ACH Debit Electronic Funds Transfer

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The document is an ACH Debit Authorization Agreement and Application for Estimated Corporation Excise and Income Tax from the Oregon Department of Revenue. It outlines the process for businesses to authorize the department to debit their bank accounts for tax payments, requiring specific information such as business identification numbers, contact details, and bank account information. The document also emphasizes compliance with U.S. law and ACH operating rules.

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What is the ACH tax payment?

Payment options include Automated Clearing House (ACH), in which your payment is debited from your checking or savings account, or debit/credit card. These options are available using Pay.gov and are convenient, safe, and secure and available 24/7.

What does an ACH payment mean?

Automated clearing house Automated clearing house / Full name

Is electronic funds transfer the same as ACH?

The ACH Credit method allows you to transfer funds by instructing your financial institution to debit your account and credit the Departments bank account. This transfer is initiated by you through your financial institution.

Why did I get an ACH credit tax refund?

The most likely cause of an ACH credit refund is an error with the receivers banking information, preventing the bank from completing the deposit.

How to find out where an ACH payment came from?

The Automated Clearing House (ACH) is the primary system that agencies use for electronic funds transfer (EFT). With ACH, funds are electronically deposited in financial institutions, and payments are made online.