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Reged: 03/19/10
Posts: 554
Loc: North Carolina, USA
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Taxes - Friendly Tip
04/09/18 02:29 PM

For eight straight hours every night, I enter incoming checks for the IRS; it's the computerized accounting equivalent of factory work. I never ceased to be amazed at how many people cannot properly write a check. Just last night, someone made their payment out to "Eternal Revenue Service". Checks over a million dollars aren't unusual, and I can't imagine someone being smart enough to have an income they owe a million dollars in taxes on but not smart enough to write a check.

Anyway... something the average person is not aware of is that if there is a difference between the text-written amount (the "legal line") and the numeral amount (the "courtesy box") on a check, the text-written amount is what counts. I see it happen a LOT; someone will write "$5,500.00" in the courtesy box, then write "Five Thousand Dollars" on the legal line, then wonder why April 16 comes and they get socked for penalties for paying $500 short.

Don't let this happen to you!

I asked my cat what the meaning of life was... he noserized me and stuck his butt in my face.

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Entire thread
Subject Posted by Posted on
* Taxes - Friendly Tip Nightvoice 04/09/18 02:29 PM
. * Speaking of Taxes...... Tomu Breidah  04/22/18 07:52 AM
. * Re: Taxes - Friendly Tip Robbbert  04/09/18 03:25 PM
. * Re: Taxes - Friendly Tip Nightvoice  04/09/18 03:34 PM

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