IRS Rolls Out New FAQs as It Moves to Eliminate Paper Checks
IRS Fact Sheet: Questions and answers about Executive Order 14247: Modernizing Payments To and From America’s Bank Account
The IRS has published new FAQs on Executive Order 14247, which calls for eliminating paper checks to and from the IRS. This change is to reduce fraud, enhance security, lower costs and speed up processing. The IRS is encouraging taxpayers to provide banking information on their 2025 tax returns so it can issue refunds via direct deposit. For taxpayers without a bank account, options such as prepaid debit cards, digital wallets or limited exceptions to the “no paper checks” rule are available. If you owe tax, electronic payment methods are preferred, but the IRS will continue to accept mailed paper checks and money orders for now. JCCS is here to assist if you have questions or concerns.
