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...
Good to know.
I'll have to write TWO checks later this week... 
@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 
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
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
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 
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Also, payments can be made in person but that max is only $1,000 per day.
@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...
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!