March 12, 2018

Monday Off-Topic (Moderated) Open Thread (031218)

Filed under: Lucid Links — Tom @ 6:00 am

This open thread is meant for commenters to post on items either briefly noted below (if any) or otherwise not covered at this blog. Rules are here.



  1. Funny I haven’t noticed this before. In the instructions for 2017 Form 7004 – Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns under the heading Payment of Tax:

    Form 7004 does not extend the time to pay any tax due.

    Generally, payment of any balance due on Part II, line 8, is
    required by the due date of the return for which this extension is filed. See the instructions for line 8.

    No checks of $100 million or more accepted.

    The IRS cannot accept a single check (including a cashier’s check) for amounts of $100,000,000 ($100 million) or more. If you are sending $100 million or more by check, you will need to spread the payments over two or more checks with each check made out for an amount less than $100 million. The $100 million or more amount limit does not apply to other methods of payments (such as electronic payments).

    I have to wonder why that is.

    I know, my curiosity obviously includes questioning the most mundane things, but hey, that’s just the way I am.

    Comment by Par for the Course — March 12, 2018 @ 10:09 am

  2. No one will accept a check for $100 mil, because the Fed won’t process it:

    Comment by Tom — March 12, 2018 @ 2:55 pm

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