Tennesseer
Member Emeritus
Joined: Dec 20, 2010 21:58:42 GMT -5
Posts: 64,563 
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Post by Tennesseer on Sept 8, 2015 19:30:25 GMT -5
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bobosensei
Well-Known Member
Joined: Dec 21, 2010 11:32:49 GMT -5
Posts: 1,561
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Post by bobosensei on Sept 9, 2015 3:57:55 GMT -5
What a pain for those that only owe a million and one dollars.
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marvholly
Junior Associate
Joined: Dec 21, 2010 11:45:21 GMT -5
Posts: 6,540
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Post by marvholly on Sept 9, 2015 5:52:09 GMT -5
Who the H...owes that amount of taxes because:
1. most at that level find ways to 'harvest' deductions/loses 2. most need to file & pay quarterly estimates when not withheld (W-2) |
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NoNamePerson
Distinguished Associate
Is There Anybody OUT There?
Joined: Dec 17, 2010 17:03:17 GMT -5
Posts: 26,222 
Location: WITNESS PROTECTION
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Post by NoNamePerson on Sept 9, 2015 6:58:32 GMT -5
Shucks, I guess I will have to let them debit my account from now on. I've always hated giving them access but what's a person to do? I hated writing one check much less two  |
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Tennesseer
Member Emeritus
Joined: Dec 20, 2010 21:58:42 GMT -5
Posts: 64,563
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Post by Tennesseer on Sept 9, 2015 7:40:03 GMT -5
What a pain for those that only owe a million and one dollars. I think you mean one hundred million and one dollars. |
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Cookies Galore
Senior Associate
I don't need no instructions to know how to rock
Joined: Dec 19, 2010 18:08:13 GMT -5
Posts: 10,892
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Post by Cookies Galore on Sept 9, 2015 8:15:28 GMT -5
I want to have this problem!
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ArchietheDragon
Junior Associate
Joined: Jul 7, 2014 14:29:23 GMT -5
Posts: 6,380
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Post by ArchietheDragon on Sept 9, 2015 8:16:28 GMT -5
I wonder how many they have ever received.
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tskeeter
Junior Associate
Joined: Mar 20, 2011 19:37:45 GMT -5
Posts: 6,831
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Post by tskeeter on Sept 9, 2015 12:06:18 GMT -5
Who the H...owes that amount of taxes because:
1. most at that level find ways to 'harvest' deductions/loses 2. most need to file & pay quarterly estimates when not withheld (W-2) A large business. Looking to take advantage of the "float" on a very large payment. Even at a minscule 1%, delaying the removal of $100,000,000 from your account for just one day is a million bucks. Delay it for a week, and you can buy new a Rolls for all the senior executives. (And get yourself a nice promotion.) |
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ArchietheDragon
Junior Associate
Joined: Jul 7, 2014 14:29:23 GMT -5
Posts: 6,380
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Post by ArchietheDragon on Sept 9, 2015 12:09:58 GMT -5
Who the H...owes that amount of taxes because:
1. most at that level find ways to 'harvest' deductions/loses 2. most need to file & pay quarterly estimates when not withheld (W-2) A large business. Looking to take advantage of the "float" on a very large payment. Even at a minscule 1%, delaying the removal of $100,000,000 from your account for just one day is a million bucks. Delay it for a week, and you can buy new a Rolls for all the senior executives. (And get yourself a nice promotion.) I think the IRS already requires payroll taxes that large to be paid electronically. I really can't imagine that the IRS has ever recevieved a check this large, but I could be wrong (although it doesn't happen often). |
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busymom
Distinguished Associate
Why is the rum always gone? Oh...that's why.
Joined: Dec 25, 2010 21:09:36 GMT -5
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Post by busymom on Sept 9, 2015 12:13:39 GMT -5
Who would be stupid enough to bounce a check to the IRS?  |
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alabamagal
Junior Associate
Joined: Dec 23, 2010 11:30:29 GMT -5
Posts: 8,148
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Post by alabamagal on Sept 9, 2015 12:37:49 GMT -5
Pretty sure DH had to pay his business payroll taxes electronically. Only option. And his were about 4 0s less
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tskeeter
Junior Associate
Joined: Mar 20, 2011 19:37:45 GMT -5
Posts: 6,831
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Post by tskeeter on Sept 9, 2015 15:24:38 GMT -5
A large business. Looking to take advantage of the "float" on a very large payment. Even at a minscule 1%, delaying the removal of $100,000,000 from your account for just one day is a million bucks. Delay it for a week, and you can buy new a Rolls for all the senior executives. (And get yourself a nice promotion.) I think the IRS already requires payroll taxes that large to be paid electronically. I really can't imagine that the IRS has ever recevieved a check this large, but I could be wrong (although it doesn't happen often). I believe that you're right, that for many businesses, electronic payment of certain taxes is required. But, if I could get away with making a large payment to the IRS by check and create a week or two of float, I'd do it. |
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