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Submitting Electronic Payments

SLIP provides administrator users the ability to submit Electronic Fund Transfer (EFT) transactions for surplus lines tax payments and fire tax payments through the Automated Clearing House (ACH) system. ACH is a secure payment transfer system that connects all U.S. financial institutes.

SLIP users can only submit electronic payments for certified tax filings. Only SLIP users assigned the Administrator role can submit electronic payments.

Submitting an electronic payment consists of three steps:

Step 1: Enter applicable tax credits and calculate the tax balance due

  1. If applicable, enter the tax credit amount in the appropriate Claimed Tax Credit text box and click the Recalculate button.
  2. SLIP will recalculate the tax balances due, and display new totals in the Surplus Lines Tax Balance Due and Fire Tax Balance Due fields.

Note: Skip Step 1 if you are not owed a tax credit.

Step 2: Select payment accounts to pay taxes from

The Payment Allocation grid allows users to allocate tax payments from different payment accounts.

  1. To add a payment allocation, click the Add Payment Allocation button.
  2. Select the desired account from the Account Name drop down list.
  3. Enter the amount of surplus lines tax to pay from the selected account.
  4. Enter the amount of fire tax to pay from the selected account.
  5. Click the icon.

Step 3: Review and submit payment

  1. Review the totals shown in step 3.
  2. Click the Submit Electronic Payment button to submit the payment.

 

To submit a full tax payment for a certification, the amount displayed in Step 3: Submit Payment's Total Tax Payment field must be equal to the sum of the amounts shown in the Surplus Lines Tax Balance Due and Fire Tax Balance Due fields (these fields are located in Step 1).

If the amount shown in Step 3: Submit Payment's Total Tax Payment field is less than the sum of the amounts shown in the Surplus Lines Tax Balance Due and Fire Tax Balance Due fields, SLIP will display the partial payment pop up when the user clicks the Submit Electronic Payment button.

 

Related Topics

Tax Payment Overview

Managing Payment Accounts

Printing the Payment Voucher

Viewing Payment History

Understanding Payment Statuses

Deleting Payment Allocations