Skip to main content

7 replies

dkh
Level 15
March 27, 2025

I don't know how I feel about that.     

IRonMaN
Level 15
March 27, 2025

Screw them.  I'm sending all of my future payments in pennies. 😬

Slava Ukraini!
Level 15
March 27, 2025

@IRonMaN wrote:

I'm sending all of my future payments in pennies. 😬


 

I think another executive order is stopping pennies from being made (seriously).

IRonMaN
Level 15
March 27, 2025

I know.  But if someone started making pennies with a certain president’s mug shot on them, one of our daily executive orders would cancel that one out.

Slava Ukraini!
BobKamman
Level 15
March 27, 2025

Checks don't have to be on paper. @IRonMaN , can you send me some birch bark from up Mesabi way?  

IRonMaN
Level 15
March 27, 2025

Just tell me how much bark you want and I’ll get it to you ASAP.

Slava Ukraini!
dkh
Level 15
March 27, 2025

Correct me if I'm wrong, but currently IRS Direct Pay cannot be used by a first-time filer.   

Wonder if they'll change that or make it one of the exceptions for accepting a check.

Bob K....what % of first-time filers have a balance due vs a refund ?   I feel you will know this.

BobKamman
Level 15
March 27, 2025

This is just a fundamental rule of politics.  If you are elected with less than 50% of the popular vote, expand your base by issuing fiats that implement popular measures.  Everyone thinks it is a great idea to tell everyone else how to interact with the US Treasury.  Following the Chinese model, the next step will be to abolish joint returns, and change the filing season to March 1 through June 30.  

In January, China issued new guidelines for tax administration, allowing public comments for a month before implementing them.  One of these was:

Refund account: Provide a qualified domestic bank account for the tax authority to process the refund.

BobKamman
Level 15
March 28, 2025

@sjrcpa I passed that link along to a local reporter, who turned it into a story.  This is a Gannett newspaper, so it might be picked up by others nationally.  So many ukazis these days, it's hard to keep up even with ones that have such a direct impact on so many people.  

https://www.azcentral.com/story/money/business/2025/03/28/trump-orders-irs-to-stop-sending-taking-checks/82704205007/ 

sjrcpa
sjrcpaAuthor
Level 15
March 28, 2025

and you got quoted.

The more I know the more I don’t know.
IRonMaN
Level 15
March 28, 2025

Now that he is famous, Bob now has a new side gig - signing autographs. 😁

Slava Ukraini!
BobKamman
Level 15
March 29, 2025

Here is the original Executive Order, for those who want to pass it along to their clients.

https://www.whitehouse.gov/presidential-actions/2025/03/modernizing-payments-to-and-from-americas-bank-account/