Small Business, Trusts Brace for Phaseout of Paper Tax Refunds
Talking Tax30 Heinä 2025

Small Business, Trusts Brace for Phaseout of Paper Tax Refunds

Millions of taxpayers used to getting paper checks from the Treasury Department will soon have to find another way to get their money as the agency phases out paper refunds. The Treasury will send its final tax refund on a paper check by October, if it stays the course set by President Donald Trump’s March 25 order to transition fully to electronic payments. Tax observers fear that the change could leave low-income or unbanked taxpayers confused or without refunds. The abrupt switch to direct deposit for all tax refunds also could catch less-obvious taxpayers by surprise. Real estate trusts can't submit banking information on current tax forms unless they are expecting a refund of over $1 million, meaning smaller trusts can't tell the IRS where to send a direct deposit. Banks also hesitate to service high-risk small businesses—like those in the marijuana industry—leaving them without a means to receive a direct deposit. In this episode of Talking Tax, Cheri Freeh, chair of the committee responsible for policy advocacy for the American Institute of Certified Public Accountants, breaks down these changes and tells taxpayers how to get ahead of them. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

Jaksot(432)

Hill Roundtable- Episode 37- GOP Hopeful Tax Plan Details Will Drive Reform Efforts

Hill Roundtable- Episode 37- GOP Hopeful Tax Plan Details Will Drive Reform Efforts

House Ways and Means Committee Chairman Kevin Brady (R-Texas) said details of the GOP's new tax reform plan will be revealed the week of Sept. 25. Reporters Colleen Murphy and Laura Davison spoke wit...

18 Syys 20177min

Hill Roundtable- Episode 36- Midterm Election Deadline Looms Over Tax Reform Efforts

Hill Roundtable- Episode 36- Midterm Election Deadline Looms Over Tax Reform Efforts

House Ways and Means Committee Chairman Kevin Brady (R-Texas) and House Speaker Paul D. Ryan (R-Wis.)are confident that tax reform will be passed this year. Reporters Colleen Murphy and Laura Davison...

11 Syys 20177min

Hill Roundtable- Episode 35- GOP Takes Tax Reform Campaign on the Road

Hill Roundtable- Episode 35- GOP Takes Tax Reform Campaign on the Road

House Speaker Paul D. Ryan (R-Wis.) and House Ways and Means Committee Chairman Kevin Brady (R-Texas) are taking their pitch for tax reform across the country. Reporter Kaustuv Basu spoke with Talkin...

25 Elo 20175min

Portfolio Podcast- The Minefields of Estate Planning and Carried Interest

Portfolio Podcast- The Minefields of Estate Planning and Carried Interest

Navigating the complexities of estate planning with carried interest can quickly become a daunting task. N. Todd Angkatavanich, David A. Stein, and Andrew Haave of Withers Bergman LLP authored a Bloo...

17 Elo 201720min

Hill Roundtable- Episode 33- Looking Ahead to Post-Recess Tax Reform Action

Hill Roundtable- Episode 33- Looking Ahead to Post-Recess Tax Reform Action

Senate Finance Committee Chairman Orrin G. Hatch (R-Utah) says Republicans will "hit the rich" in tax reform. Reporters Kaustuv Basu and Colleen Murphy spoke with Talking Tax host Matthew Beddingfiel...

7 Elo 20176min

Tax & Accounting Podcast- Episode 32- GOP Plans Next Move After Health Care Bill Collapse

Tax & Accounting Podcast- Episode 32- GOP Plans Next Move After Health Care Bill Collapse

Senate Republicans failed to repeal the Affordable Care Act last week, but efforts to pass health care legislation may not be over yet. Reporters Laura Davison, Kaustuv Basu, and Colleen Murphy spoke...

31 Heinä 20176min

Tax & Accounting Podcast- Episode 31- House Budget Faces Challenges Out of the Gate

Tax & Accounting Podcast- Episode 31- House Budget Faces Challenges Out of the Gate

The House fiscal year 2018 budget resolution, which is the key to the GOP's full tax reform package, is facing difficulties as moderate and conservative Republicans have already attacked the measure. ...

21 Heinä 20178min

Tax & Accounting Podcast- Episode 26- Draft Health Care Bill Faces Compromises Before Vote

Tax & Accounting Podcast- Episode 26- Draft Health Care Bill Faces Compromises Before Vote

The Senate is likely to vote the week of June 26 on a draft health care bill that would repeal the Affordable Care Act's taxes. Senate Republicans are working to compromise on various aspects of the ...

23 Kesä 20178min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
ootsa-kuullut-tasta-2
politiikan-puskaradio
rss-ootsa-kuullut-tasta
rss-vaalirankkurit-podcast
tervo-halme
viisupodi
rss-podme-livebox
et-sa-noin-voi-sanoo-esittaa
rss-asiastudio
otetaan-yhdet
rikosmyytit
the-ulkopolitist
rss-girls-finish-f1rst
rss-raha-talous-ja-politiikka
radio-antro
rss-kaikki-uusiksi
linda-maria
rss-sinivalkoinen-islam