Compliance - Collections - General Information - Direct Debit

Comptroller of Maryland. Serving the People. Peter Franchot, Comptroller

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Direct Debit, Business Tax...and You
Business Tax Tip #15.

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Tax Tip Number 15 FAQ

1 - How does the direct debit plan work for business taxes?

2 - What business taxes are eligible for direct debit?

3 - Is it possible to arrange for the direct debit payment of more than one type of tax at the same time?

4 - Can I arrange to make direct debit payments more than once each calendar month?

5 - What are the advantages to me?

6 - Does the state make any charge for direct debits?

7 - Do the debits stop automatically after the total amount to which I agree has been deducted?

8 - Can I pay the balance in a lump sum midway through the payment plan?

9 - Will the state be authorized to debit my account for any other amounts or liabilities during the payment period I've agreed to?

10 - Will I get a statement indicating that the payment has been applied to my business tax account?

11 - Will I receive a notice prior to each debit payment?

12 - What happens if there are not enough funds in my bank account?

13 - How do I stop the direct debit plan?

14 - What if I change banks?

15 - What happens if my tax payment due date falls on a weekend or on a bank holiday?

16 - Is there anything I have to do each month to make this work?

17 - Where should I report name and address or entity changes?