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What happens if I have insufficient funds for the electronic funds transfer deduction?

April 26, 2017deduction electronic funds happens insufficient transfer

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What happens if I have insufficient funds for the electronic funds transfer deduction?

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If there are not sufficient funds in your bank account to cover your payment, we will add a dishonored payment penalty to your balance and we will cancel your installment agreement. You will receive a Notice of Intent to Cancel, and we may require that you pay your account in full within 30 days.