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<h2>$100 Million Cheque Would Not Be Accepted By the US Government</h2>
$100 million cheque would not be accepted by the US government. $ 100 million cheque is a ginormous amount of money and it requires a proper and effective processing without causing any error or camouflage. The US government cannot process them without risk of theft, fraud or error.
The IRS has said it will reject all tax payments above $99,999,999 in future, because that amount is all the processing equipment can currently deal with. The Associated Press reports that cheques of this amount have to be processed by hand; increasing risks that money will be lost or misdirected.
They have clearly mentioned terms and conditions which includes that such amounts should be paid electronically otherwise write more than one cheque. The Federal Reserve say that most commercial banks cannot process cheques larger than ten digits, including cents, and that federal agencies have been prohibited from depositing this amount for years.
It takes strenuous task while processing and even he probability of risks and fraud increases. So, to avoid such situation this seems to be the perfect solution for them. According to the IRS nearly 90 percent of individuals already file their taxes electronically. Electronic processing keeps the track of data efficiently and all the records are well maintained without any misinterpretation. $100 million cheque is a ginormous amount and not everyone is able to make that much amount of money. However, the IRS accepted 14 cheques for $100 million earlier this year.