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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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Accepted Solutions
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. 


Here's wishing you many Happy Returns

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4 Comments 4
Accountant-Man
Level 13

Why not move the money into one account?

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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. 


Here's wishing you many Happy Returns
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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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