The Bottom Line
The Bottom Line is where Klatzkin’s advisors provide analysis and insight into key developments in taxation, accounting, and other issues and how they affect businesses and individual taxpayers.

U.S. Treasury to Stop Issuing and Accepting Paper Checks

By ANGELA A. LAWRENCE

On March 25, 2025, President Trump signed an Executive Order that will change how the federal government handles payments, phasing out the use of paper-based payments such as checks and money orders and mandating the use of electronic payments where allowable by law.

Last Chance to Claim Tax Year 2021 Refunds

By ROBERT GAFFNEY

The IRS has announced that the 1.1 million taxpayers who have unclaimed tax refunds for tax year 2021 have until April 15, 2025 to submit their returns.

Interest Rates to Stay the Same for Second Quarter of 2025

By ANGELA A. LAWRENCE

In March 2025, the IRS announced that interest rates will remain the same for the second quarter of 2025, which begins April 1, 2025.

IRS Releases List of “Dirty Dozen” Tax Scams for 2025

By ANGELA A. LAWRENCE

Each year, the IRS releases its “Dirty Dozen,” a list of tax scams that taxpayers should be wary of.  The list highlights common scams that put people at risk of losing money, personal information, data, and more.

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