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.

Reminder: IRS Phasing Out Paper Checks Soon

By SELVANA MORKOS

As previously reported, President Trump signed Executive Order 14247 on March 25, 2025, which would change how the federal government handles payments by phasing out paper options (such as checks and money orders) and mandating electronic options as much as possible. On September 23, 2025, the IRS and US Treasury announced that tax refund checks for individual taxpayers will be phased out starting on September 30, 2025, to the extent allowable by law.

Interest Rates to Stay the Same for the Fourth Quarter of 2025

By ANGELA A. LAWRENCE

In August 2025, the IRS announced that interest rates will remain the same for the fourth quarter of 2025, which begins October 1, 2025.

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