Is there a limit as to the dollar amount a client can pay the Feds electronically when filing 1040 return? Specifically $700,000 plus.

[Rick1725]

Is there a limit as to the dollar amount a client can pay the Feds electronically when filing 1040 return? Specifically $700,000 plus. Can we just set up the checking account info and date (as in today) and just transmit as usual? I've never been asked to ePay such a large amount before. Thanks for any feedback.

[Just-Lisa-Now-]

I EFiled a 4868 with 300k payment. Seemed to go through fine.

[The-Tax-Lady]

I believe you can pay up to $999,999. 

[IRonMaN]

I don’t have that much faith in Intuit.  I would go to the IRS direct pay site for those kind of dollars.

[The-Tax-Lady]

That is very good advice

[poolcleaner]

The maximum number you can pay on IRS Direct Pay is $9,999,999.99. 

Another Former All Star

[poolcleaner]

By the way, if the client is trying to save money,  they could pay as little as $9,999,999.50 and it would round up to $10,000,000.

Another Former All Star

[TaxGuyBill]

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@poolcleaner wrote:

The maximum number you can pay on IRS Direct Pay is $9,999,999.99. 

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It is interesting that you know that.  Have you had clients try to pay more than that?

Is that just a per-payment limit?  Or can you do multiple payments (either per day, or spread out over multiple days)?

I WISH I had enough income that I was limited to a $9,999,999.99 tax payment.   🤣

[The-Tax-Lady]

Right!

[IRonMaN]

@poolcleaner has that amount memorized because she has to pay it in for her own return every year 😉

[poolcleaner]

TMI