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Maximum payment to IRS

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NoMoreE46
Community Leader
Senior Contributor

Maximum payment to IRS

I happened to see this fun fact while reviewing my taxes. 

The maximum payment that the IRS will accept in a single check is  $99,999,999.99.  So if you happen to owe them  $100 million or more, you will have to scratch out the additional amount on a subsequent check...

 

 

   

IRS max.png

 

Message 1 of 9
8 REPLIES 8
tcbofade
Super Contributor

Re: Maximum payment to IRS

Good to know.

 

I'll have to write TWO checks later this week...   Smiley LOL

05/01/24 Fico 8: EX 763, EQ 802, TU 783.
Fico 9: EX 756 03/13/24, EQ 790 02/04/24, TU No idea.

Zero percent financing is where the devil lives...
Message 2 of 9
NoMoreE46
Community Leader
Senior Contributor

Re: Maximum payment to IRS

Haha

Make sure you write small to

fit all of those words/numbers on those

checks.

Message 3 of 9
Kforce
Valued Contributor

Re: Maximum payment to IRS

Wonder how many time this has been a problem

Message 4 of 9
pizzadude
Credit Mentor

Re: Maximum payment to IRS


@Kforce wrote:

Wonder how many time this has been a problem


I doubt his accountants wrote checks but if they did, it would be like 110 checks Smiley Very Happy

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 5 of 9
cashorcharge
Community Leader
Super Contributor

Re: Maximum payment to IRS

SO Thankfully you told me this as I'm getting ready to drop that check in the mail on the 15th.

Too bad I couldn't use my AMEX instead Smiley Very Happy

Message 6 of 9
NoMoreE46
Community Leader
Senior Contributor

Re: Maximum payment to IRS

The  IRS does accept credit card payments via three third party entities.  Fee is about 2%.

 


@cashorcharge wrote:

SO Thankfully you told me this as I'm getting ready to drop that check in the mail on the 15th.

Too bad I couldn't use my AMEX instead Smiley Very Happy


 
  
Credit Mentor
 
‎10-04-2024 02:43 PM
Re: Maximum payment to IRS

 

@Kforce wrote:

Wonder how many time this has been a problem

I doubt his accountants wrote checks but if they did, it would be like 110 checks Smiley Very Happy

 

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
 
Also, payments can be made in person but that max is only  $1,000 per day. 


 

Message 7 of 9
Thomas_Thumb
Senior Contributor

Re: Maximum payment to IRS


@NoMoreE46 wrote:

I happened to see this fun fact while reviewing my taxes. 

The maximum payment that the IRS will accept in a single check is  $99,999,999.99.  So if you happen to owe them  $100 million or more, you will have to scratch out the additional amount on a subsequent check...

 

 

   

IRS max.png

 


If that's the case anf $100M is owed, your tax accountant screwed up. Clearly a mistake for such high income/net worth individuals to owe taxes. The accountant needs to be fired. Consider filing for bankruptcy.

 

Get a new accountant to show there was a loss, not a gain in adjusted gross income. Those shell company proceeds were incorrectly reported!

 

Furthermore those DJT shares that were sold dropped 50% in value from the issue date. What -  you say I owe taxes on the proceeds because records show the shares were awarded to me. That's not right, I lost a lot of money!

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 8 of 9
keeno1970
Valued Member

Re: Maximum payment to IRS

My 941 payroll taxes are automatically withdrawn out of Quickbooks so I really don't see it. All I know is I wave bye bye to about $5,000 every month.

Message 9 of 9
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