Dear valued clients,

 

The IRS has recently announced that it will no longer permit paper checks after September 30, 2025. Electronic payments will be mandatory after that date. Also, the IRS will no longer issue paper refund checks.

 

Options for making payments are:

 

* IRS Direct Pay: free direct transfers from bank accounts

* Electronic Funds Deposit and Withdrawal (integrated with e-filing)

* Debit and credit card payments (note: fees may apply)

* Digital Wallet (note: fees may apply)

* Electronic Federal Tax Payment System (EFTPS): a no-cost online or phone option requiring enrollment

* Wire Transfers

 

There may be some exemptions for taxpayers living abroad, estates, trusts, taxpayers without access to a bank and situations where undue hardship would result from this requirement.

More information can be found at: https://www.irs.gov/payments

 

 

IRS On Line Account

We encourage you to set up an on-line account with the IRS.

An IRS online account makes it easy for people to quickly get information they may need and also make payments.

Taxpayers can view information about their account including:

* Their payoff amount, balances for each tax year, payment history

* Key information from their most current tax return as originally filed

* Digital copies of select IRS notices

* Their address on file

With an online account, taxpayers can also:

* Make a same day payment/Set up an online payment plan

* Access tax records and transcripts

* Authorize another person to represent them before the IRS or view their tax records

 

 

Please feel free to call our office if you have any questions or need assistance.

 

 

Indiano & Co. CPA’s