direct payment of federal tax due

Forum|Forum|5 years ago
May 6, 2021
2 replies
10 views

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

Lacerte Tax

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Best answer by George4Tacks

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.

Accountant-Man

Level 13

Why not move the money into one account?

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sassycatAuthor

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.