can write muliple checks if owe money

removeps-groups · Joined: 09 Dec 2007 Posts: 98

If you owe money to the IRS, can you write multiple checks? The
instructions on page 60 say "Make your check or money order
payable ... for the full amount due", but it seems they can as easily
cash 2 checks.

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Archived from group: misc>taxes>moderated

Paul Thomas · Joined: 25 Aug 2007 Posts: 775

wrote
> If you owe money to the IRS, can you write multiple
> checks? The instructions on page 60 say "Make your
> check or money order payable ... for the full amount
> due", but it seems they can as easily cash 2 checks.

Clearly you think like a sane individual. But remember that the goal at IRS
is to have all the checks from today's mail in the bank before 2pm. So when
they open the envelope and pull out one check, they've done their job and
stop looking for a second check. May I suggest you transferring the funds
to one account, and write one check, so "the machine" feels good when they
find one check and you don't get upset when the notice of underpayment of
taxes arrives several months later.

--
Paul A. Thomas, CPA
Athens, Georgia

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Harlan Lunsford · Joined: 25 Aug 2007 Posts: 790

removeps-groups@yahoo.com wrote:
> If you owe money to the IRS, can you write multiple checks? The
> instructions on page 60 say "Make your check or money order
> payable ... for the full amount due", but it seems they can as easily
> cash 2 checks.
>
Nothing wrong with this, as long as you put in the remarks section
purpose of the check and a TIN.

After all, U S Treasury makes allowance for splitting a refund into
three different accounts. "What's sauce for the goose is ... uh..
something for the goose". (How does that go?)

ChEAr$,
Harlan Lunsford, EA n LA

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sandybeth · Joined: 16 Feb 2008 Posts: 5

On Feb 23, 5:41 pm, "removeps-gro...@yahoo.com" email_removed wrote:
> If you owe money to the IRS, can you write multiple checks? The
> instructions on page 60 say "Make your check or money order
> payable ... for the full amount due", but it seems they can as easily
> cash 2 checks.

Why are you having to write two checks--don't you have enough money on
one account to cover what you owe?
I think you are asking for trouble if you do that. Remember that the
IRS is a giant bureaucracy. Anything confusing or out-of-the ordinary
will either get mixed up or will ring a bell. You must be a young
person who has never gotten mixed up in a bureaucratic snafu because
some small detail went awry. IMHO move the $$$ you owe into one
account and write one check.

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ebetts3 · Joined: 25 Aug 2007 Posts: 55

On Feb 23, 5:41 pm, "removeps-gro...@yahoo.com" email_removed wrote:
> If you owe money to the IRS, can you write multiple checks? The
> instructions on page 60 say "Make your check or money order
> payable ... for the full amount due", but it seems they can as easily
> cash 2 checks.
>
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They will cash/deposit as many as you send in!!!!

========================================= MODERATOR'S COMMENT:
Please trim all that extra stuff before posting.

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Bada · Joined: 24 Feb 2008 Posts: 2

Harlan Lunsford wrote:
> removeps-groups@yahoo.com wrote:
>
>> If you owe money to the IRS, can you write multiple checks? The
>> instructions on page 60 say "Make your check or money order
>> payable ... for the full amount due", but it seems they can as easily
>> cash 2 checks.
>>
> Nothing wrong with this, as long as you put in the remarks section
> purpose of the check and a TIN.
>
> After all, U S Treasury makes allowance for splitting a refund into
> three different accounts. "What's sauce for the goose is ... uh..
> something for the goose". (How does that go?)

It's something like that George.

>
> ChEAr$,
> Harlan Lunsford, EA n LA
>

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D. Stussy · Joined: 25 Aug 2007 Posts: 126

"Harlan Lunsford" wrote in message$K27.57479@bignews6.bellsouth.net...
> removeps-groups@yahoo.com wrote:
> > If you owe money to the IRS, can you write multiple checks? The
> > instructions on page 60 say "Make your check or money order
> > payable ... for the full amount due", but it seems they can as easily
> > cash 2 checks.
> >
> Nothing wrong with this, as long as you put in the remarks section
> purpose of the check and a TIN.
>
> After all, U S Treasury makes allowance for splitting a refund into
> three different accounts. "What's sauce for the goose is ... uh..
> something for the goose". (How does that go?)

Careful, or the IRS might goose you!

(Couldn't resist that line.)

On the 1040-V, indicate how many checks comprise the total - in th top left
margin.

========================================= MODERATOR'S COMMENT:
Quack!

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removeps-groups · Joined: 09 Dec 2007 Posts: 98

On Feb 23, 5:12 pm, "Paul Thomas" wrote:

> Clearly you think like a sane individual. But remember that the goal at IRS
> is to have all the checks from today's mail in the bank before 2pm. So when
> they open the envelope and pull out one check, they've done their job and
> stop looking for a second check. May I suggest you transferring the funds
> to one account, and write one check, so "the machine" feels good when they
> find one check and you don't get upset when the notice of underpayment of
> taxes arrives several months later.

So could I connect the checks together with a paper clip or staple?
Transferring money between accounts takes up to 5 days, which is a lot
if you're paying interest.

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Dan Lanciani · Joined: 25 Aug 2007 Posts: 72

In article , sandyhb6@yahoo.com (sandybeth) writes:
| On Feb 23, 5:41 pm, "removeps-gro...@yahoo.com" | email_removed wrote:
| > If you owe money to the IRS, can you write multiple checks? The
| > instructions on page 60 say "Make your check or money order
| > payable ... for the full amount due", but it seems they can as easily
| > cash 2 checks.
|
| Why are you having to write two checks--don't you have enough money on
| one account to cover what you owe?

I've done this a couple of times when the total amount exceeded the
FDIC insurance limit. Never heard a complaint from the IRS...
(I actually had an account at a bank that failed so I'm a little
sensitive about staying under the limit.)

Dan Lanciani
ddl@danlan.*com

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Bill Brown · Joined: 25 Aug 2007 Posts: 104

On Feb 23, 11:01 pm, "removeps-gro...@yahoo.com" email_removed wrote:
> On Feb 23, 5:12 pm, "Paul Thomas" wrote:
>
> > Clearly you think like a sane individual. But remember that the goal at IRS
> > is to have all the checks from today's mail in the bank before 2pm. So when
> > they open the envelope and pull out one check, they've done their job and
> > stop looking for a second check. May I suggest you transferring the funds
> > to one account, and write one check, so "the machine" feels good when they
> > find one check and you don't get upset when the notice of underpayment of
> > taxes arrives several months later.
>
> So could I connect the checks together with a paper clip or staple?
> Transferring money between accounts takes up to 5 days, which is a lot
> if you're paying interest.

Paul Thomas gave you good advice. By the way, I'm able to transfer
cash between accounts at different financial institutions in about 10
minutes. Admittedly, those two institutions are only 10 minutes apart
by car.

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Han · Joined: 25 Aug 2007 Posts: 56

Bill Brown wrote in
379c0f2535a9@72g2000hsu.googlegroups.com:

> By the way, I'm able to transfer
> cash between accounts at different financial institutions in about 10
> minutes. Admittedly, those two institutions are only 10 minutes apart
> by car.
>

Umm, a check presented for deposit may take more than 24 hrs to clear and
be available for withdrawal. But, indeed, if you send a paper check to the
IRS by snail mail, you should be able to transfer the money by physically
presenting checks to the bank on which you draw the money if you do so at
least 1 full business day before you mail the check to the IRS (I think).

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Best regards
Han
email address is invalid

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Ernie Klein · Joined: 25 Aug 2007 Posts: 176

In article
,
"removeps-groups@yahoo.com" wrote:

> So could I connect the checks together with a paper clip or staple?
> Transferring money between accounts takes up to 5 days, which is a lot
> if you're paying interest.

Huh? What does interest have to do with it?

Are you saying that you owe the IRS for past due taxes from previous
years and you are being charged interest on the unpaid amount?

Even if that is true, 5 days interest cannot amount to much unless you
owe a great deal of money.

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-Ernie-

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Stuart Bronstein · Joined: 25 Aug 2007 Posts: 561

Han wrote:

> Umm, a check presented for deposit may take more than 24 hrs to
> clear and be available for withdrawal. But, indeed, if you send a
> paper check to the IRS by snail mail, you should be able to
> transfer the money by physically presenting checks to the bank on
> which you draw the money if you do so at least 1 full business day
> before you mail the check to the IRS (I think).

I once knew a guy who would take a hole-punch, and punch a hole in the
account number on checks he'd send to the IRS. It always took them a
few more days to clear, but he never heard a complaint about it.

Stu

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Paul Thomas, CPA · Joined: 25 Aug 2007 Posts: 3094

"Stuart Bronstein" wrote
> I once knew a guy who would take a hole-punch, and punch a hole in the
> account number on checks he'd send to the IRS. It always took them a
> few more days to clear, but he never heard a complaint about it.

It's my understanding that the IRS still uses equipment that can tell if
there is a check enclosed by sensing the magnetic ink on the check. This
even through however many numbers of pages the return might be. It was
once said that you could "demagnetize" the check with a common demagnetizer
(from Radio Shack, etc) and it would be days before the IRS realized you had
a check in there and processed it for deposit.

This was hesitantly confirmed the last time I did a pipe-line tour of the
facility in Doraville. They don't like it, but it apparently happens often
enough.

I would think they'd honor the *payment date* as the date mailed instead of
the date they realized the envelope contained a payment. But I wouldn't
push it if it's a payment going up against the due date.

--
Paul A. Thomas, CPA
Athens, Georgia

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Bill Brown · Joined: 25 Aug 2007 Posts: 104

On Feb 24, 1:18 pm, Han wrote:
> Bill Brown wrote in
> 379c0f253...@72g2000hsu.googlegroups.com:
>
> > By the way, I'm able to transfer
> > cash between accounts at different financial institutions in about 10
> > minutes. Admittedly, those two institutions are only 10 minutes apart
> > by car.
>
> Umm, a check presented for deposit may take more than 24 hrs to clear and
> be available for withdrawal. But, indeed, if you send a paper check to the
> IRS by snail mail, you should be able to transfer the money by physically
> presenting checks to the bank on which you draw the money if you do so at
> least 1 full business day before you mail the check to the IRS (I think).
>

Let me rephrase that to be a bit more specific. I'm able to transfer
currency between accounts at different financial institutions in about
10 minutes.

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