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    direct payment of federal tax due

    sassycat
    Level 3

    taxpayer needs to use two different checking accounts to pay the tax due.  I can't figure out how to tell Lacerte to take a smaller amount from one account for the tax due.  so the question is, can Lacerte accomodate the payment of tax from two different checking accounts

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    George4Tacks
    Level 15

    They can make two payments in 24 hour period at https://www.irs.gov/payments/direct-pay

    Lacerte does not allow multiple accounts for PAYMENT. 


    Answers are easy. Questions are hard!

    View solution in original post

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    4 Comments 4
    Accountant-Man
    Level 13

    Why not move the money into one account?

    ** I'm still a champion... of the world! Even without The Lounge.
    George4Tacks
    Level 15

    They can make two payments in 24 hour period at https://www.irs.gov/payments/direct-pay

    Lacerte does not allow multiple accounts for PAYMENT. 


    Answers are easy. Questions are hard!
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    sassycat
    Level 3

    yes that sounds like the simple answer, but the transfer was not from a regular checking account, and transfer involved a sale of stock first, and another 5 business day delay to post the money out because his bank wanted to hold the money for 5 business days to insure the funds cleared.  Taxpayer did not want to take a chance on being late and getting penalties.  the tax due on the federal was almost $175,000 which of course he did not keep that much in his checking account.

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    sassycat
    Level 3

    so the bottom line was he could not draft it out of two accounts.  Maybe Lacerte can make that happen in the future updates.  

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