![]() However, if the amount of the check or other commercial payment instrument is less than $1,250, the penalty is $25 or the amount of the check or other commercial payment instrument, whichever is less. When a check or other commercial payment instrument the IRS receives for payment of taxes doesn't clear the bank, a penalty of 2 percent of the amount of the check or other commercial payment instrument generally applies. We'll notify you if a balance becomes due on your account. If the payment is honored after the due date, however, you may be charged interest and a penalty for the late payment. If your check or other commercial payment instrument is resubmitted and there are sufficient funds in your bank account to cover it, the check will be paid and not returned to the IRS, so you won't be charged the dishonored check penalty.It's up to you to decide whether to wait and see if the clearinghouse resubmits it to the bank, or whether you should make an additional payment. ![]() The clearinghouse, not the IRS, determines whether or not to resubmit a payment so the IRS doesn't know if the payment instrument will be submitted a second time or not by the clearinghouse. ![]()
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