SECTION 9. ELECTRONIC TAX SECTION 11. REFUNDS

pay their taxes and make FTDs by EFT.

APPLICATION (ETA)

No refunds of FTDs or FTPs will be This information will be used to credit tax .01 Taxpayers may use ETA(as defined made through EFTPS. However, a refund p a y e r s ’accounts for FTDs and FTPs made in section 3.07) to make a timely FTD or request may be made using existing tax through EFTPS. The collections of inforF T P. Taxpayers should contact their fi- refund procedures. If a taxpayer’s error mation in section 10 of this revenue procenancial institution to determine if the fi- results in a significant hardship, the tax- dure are mandatory. The likely responnancial institution is capable of making an payer may contact the Service at (800) dents are individuals, state or local ETApayment. 829-1040 for assistance. governments, farms, business or other

1997–30 I R B 13 July 28 1997

. 11 The ACH Rules will govern A C H credit entry returns and reversals.

.01 For an ACH debit or credit entry, a statement prepared by the taxpayer’s financial institution showing a transfer (that is, a decrease to the taxpayer’s account balance) will be accepted as proof of payment if the statement:

(1) shows the amount and the date of the transfer; and

(2) identifies the U.S. Government as the payee.

.02 For an ETApayment, taxpayers may request that their financial institution obtain a statement from the FRB that executed the t r a n s f e r. This statement will be accepted as proof of payment if the statement:

(1) shows the amount and the date of the transfer; and

(2) identifies the U.S. Government as the payee.

.03 For purposes of this section, statements prepared by a financial institution include statements prepared by a third party that is contractually obligated to prepare statements for the financial institut i o n .