$ Limit on direct withdrawal

[michaelmars]

Doing an extension and the payment due is over $2,000,000. I was wondering if the IRS [or NY] has a dollar limit on withdrawals?

[Maribeth]

Can I marry that person?

[Guest Taxed]

You may want to have taxpayer check with his bank? I don't think IRS has a limit?

If memory serves me right one year i had a ACH debit of $17,000 or so and the taxpayer was contacted by the bank to approve because he called me to find out why that happened.

For some unknown reason, I still have taxpayers who will pay IRS with a bank check even if it is few hundred dollars. They don't want to give IRS a personal check???

[SCL]

Doing an extension and the payment due is over $2,000,000. I was wondering if the IRS [or NY] has a dollar limit on withdrawals?

...now you are just being nyc outrageous.

i believe i can answer your question...for a fee.

1/20th of 1% x $2 million = $1000.

bank routing and account number supplied upon request.

[michaelmars]

lol, this is after his estimated payments of a few million. gotta love these nyc real estate "tycoons' this guy was a part owner of a building that sold for $200,000,000. We thought we had him covered with installments. but with numbers like these $2mil is a rounding adjustment.

[imjulier]

I need a $2M rounding adjustment!

[Crackerjack]

So do tell. Is he good looking?

[Joel]

Do You Care If He Is Good Looking Or NOT??????

[michaelmars]

looks a bit like an older Joel, you all can decide.

Got another that is paying 5mil but he insists on using a paper check so not an issue. he is in 40's and single Ladies!

[joanmcq]

That's not Joel, that's Alfred the butler!