I just saw this paragraph in the estimated tax form instructions and thought I'd pass it along.
quote:
No checks of $100 million or more accepted. The IRS can’t accept a single check (including a cashier’s check) for amounts of $100,000,000 ($100 million) or more. If you are sending $100 million or more by check, you will need to spread the payment over 2 or more checks with each check made out for an amount less than $100 million. This limit doesn’t apply to other methods of payment (such as electronic payments). Please consider a method of payment other than check if the amount of the payment is over $100 million.
Notice they even suggest a workaround - multiple checks. I'm sure you'll find this very helpful.
-------------------------------- If you think looting is bad wait until I tell you about civil forfeiture.
Posts: 33811 | Location: On the Hudson | Registered: 20 April 2005
The question is, what do they apply the same rule to my refund check? If so, as Ax says, I hope they put it in one envelope so I don’t have to make two trips to the bank.
