eForm Payment-Personal Credit Card?

Site Notices

[ARCHIVED THREAD] - eForm Payment-Personal Credit Card?

Posted: 9/17/2014 8:12:38 AM EDT

I started my first eForm submission last night and although I haven't gotten to the payment step I was thinking about it. Are most folks using a personal credit card to pay the $200 tax? I do not have a debit or credit card in my trust's name. My paper form 1 tax was paid with a check in my trust's name.

I'm not concerned so much with "what works" but what is right. I'm no attorney but I don't get warm and fuzzy blending personal and trust business.

Let me know your thoughts. Thanks.

Posted: 9/17/2014 8:21:20 AM EDT

[#1]

I've done like 6 on my personal card, it doesn't matter who pays the stamp, could be a dealer, the transferror, transferee, manufacturer, etc. of course i am not a lawyer.

Posted: 9/17/2014 8:38:42 AM EDT

[#2]

The government doesn't care where the funds come from, and you are acting in your capacity as Trustor/Grantor/Trustee/etc... on behalf of the trust when completing, signing, and paying the tax...

Posted: 9/17/2014 12:15:53 PM EDT

[#3]

if you don't like blending personal with gov't business you could always open a bank account in your trusts' name.

Posted: 9/17/2014 12:56:28 PM EDT

[#4]

Quote History

Quoted:
if you don't like blending personal with gov't business you could always open a bank account in your trusts' name.

View Quote

I do have an account in the trust's name but no debit/credit card.

Unless eForm accepts a check or electronic transfer I may have to use a personal card. I just wanted to see if anybody had gone through the same thought process.

Posted: 9/17/2014 1:27:32 PM EDT

[#5]

Quote History

Quoted:
I do have an account in the trust's name but no debit/credit card.

Unless eForm accepts a check or electronic transfer I may have to use a personal card. I just wanted to see if anybody had gone through the same thought process.

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:

if you don't like blending personal with gov't business you could always open a bank account in your trusts' name.

I do have an account in the trust's name but no debit/credit card.

Unless eForm accepts a check or electronic transfer I may have to use a personal card. I just wanted to see if anybody had gone through the same thought process.

eForms only accepts payment by credit card, and your payment is actually through pay.gov which is the government's electronic method of accepting payments for various agencies. Paying with a credit card would be no different than you adding $200 to your trusts bank account and then sending a check from it.

Posted: 9/17/2014 1:32:56 PM EDT

[#6]

Quote History

Quoted:

I do have an account in the trust's name but no debit/credit card.

Unless eForm accepts a check or electronic transfer I may have to use a personal card. I just wanted to see if anybody had gone through the same thought process.

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:
if you don't like blending personal with gov't business you could always open a bank account in your trusts' name.

I do have an account in the trust's name but no debit/credit card.

Unless eForm accepts a check or electronic transfer I may have to use a personal card. I just wanted to see if anybody had gone through the same thought process.

I opened an account for my trust with USAA, they sent me checks and a card, i used my trust's card to pay my form 1. My best friend used his personal CC. We both got approved, no problems.

Posted: 9/17/2014 8:57:07 PM EDT

[#7]

Pay with your own card, no big deal.

Posted: 9/17/2014 9:01:27 PM EDT

[#8]

Quote History

Quoted:

I opened an account for my trust with USAA, they sent me checks and a card, i used my trust's card to pay my form 1. My best friend used his personal CC. We both got approved, no problems.

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:
if you don't like blending personal with gov't business you could always open a bank account in your trusts' name.

I do have an account in the trust's name but no debit/credit card.

Unless eForm accepts a check or electronic transfer I may have to use a personal card. I just wanted to see if anybody had gone through the same thought process.

I opened an account for my trust with USAA, they sent me checks and a card, i used my trust's card to pay my form 1. My best friend used his personal CC. We both got approved, no problems.

They didn't send me a card!!!! Then again USAA has been sucking lately the past few years

The BATFE does not care who pays the $200. It could be you, the dealer, your trust account, Aunt Peg, Bert and Ernie, or Heisenberg.....as long as the money deposits, they're good with it.

Posted: 9/18/2014 7:55:07 AM EDT

[#9]

I appreciate the insight and apologize for being the resident worrier.

I submitted last night. I needed further review as my model was not listed for the manufacturer. This morning I've moved to in "in process." Here's to hoping for approval in 30 days or less!

Posted: 10/10/2014 2:35:50 PM EDT

[#10]

Quoted:
I started my first eForm submission last night and although I haven't gotten to the payment step I was thinking about it. Are most folks using a personal credit card to pay the $200 tax? I do not have a debit or credit card in my trust's name. My paper form 1 tax was paid with a check in my trust's name.

I'm not concerned so much with "what works" but what is right. I'm no attorney but I don't get warm and fuzzy blending personal and trust business.

Let me know your thoughts. Thanks.

View Quote

I asked BigWaylon this and he said just use my personal CC. I did and they've all been approved. If BW doesn't know the answer to an eForm question, it's a stupid question with no answer.