In March 2025, the President signed Executive Order 14247, titled Modernizing Payments to and From America’s Bank Account. While the name sounds straightforward, the impact of this order will be significant for many taxpayers.
The executive order directs all federal agencies, including the IRS and the U.S. Treasury, to transition away from paper checks and toward electronic payments and receipts wherever legally permitted. Under the order, paper checks for federal payments and refunds are scheduled to be eliminated as of September 30, 2025, with electronic payment methods becoming the default “as soon as practicable.”
What Does This Mean for Taxes?
For several years, the IRS has encouraged electronic payments, but this order accelerates the shift. IRS instructions for 2025 tax forms such as Forms 1120, 940, and 945 already state that federal tax deposits must be made electronically using approved methods such as:
- EFTPS (Electronic Federal Tax Payment System)
- IRS Direct Pay
- IRS Business Tax Accounts
IRS publications, including Notice 931, reinforce this requirement by confirming that federal tax deposits must be made via electronic funds transfer (EFT).
Importantly, this change applies not only to tax payments, but also to refunds and other transactions between taxpayers and the federal government.
Follow this video to create your ID.ME Account in order to make electronic payments through the IRS website.
Why This Matters
While electronic payments may be convenient for many, this shift raises real concerns—especially for older taxpayers, rural residents, small business owners, and individuals without reliable access to online banking or digital tools. Others may have privacy concerns, security concerns, or long-standing preferences for paper-based payments that are lawful and verifiable.
Additionally, electronic systems are not immune to risk. Outages, access issues, identity theft, and cybersecurity incidents do occur. Eliminating paper alternatives removes a long-standing backup option that has helped taxpayers comply with their obligations for decades.
What to Expect Next
As payment deadlines approach—such as quarterly estimated tax payments, balances due with returns, and payroll deposits. Many taxpayers may begin receiving IRS letters and notices related to electronic payment requirements. This may feel sudden or confusing, particularly for those who have always paid by check or money order.
How NSO Can Help
At NSO, we understand that these changes can feel overwhelming. Our team is closely monitoring IRS guidance and helping clients understand:
- Which electronic payment options apply to their situation
- How to set up secure payment methods
- Whether any exceptions or accommodations may apply
If you have concerns about electronic payments or have received an IRS notice you don’t understand, please contact our office at (317) 588 – 3131. We’re here to help you navigate these changes confidently and avoid unnecessary penalties or delays.
Frequently Asked Questions
Our clients appreciate our fair, transparent pricing — no surprise fees, no confusing invoices. Individual tax returns start at $750, and business returns start at $1,500. If you’d like to talk through your specific situation before committing, a one-hour consultation with a CPA and tax preparer is $250.
Every client’s needs are different, so these starting rates can vary based on the complexity of your return or the scope of services you need. Visit our pricing page for more detail.
If you need accounting, bookkeeping, or tax services, contact us today — we’d love to learn more about your situation and provide pricing tailored to your needs.
We work with a wide variety of individual and business clients across central Indiana. Our clients range from entrepreneurs and small business owners to business professionals, retired individuals, families, and business corporations of all sizes.
Whether you’re just starting a business, managing personal and family finances, planning for retirement, or running an established company, we tailor our accounting, tax, and advisory services to fit where you are and where you’re headed. No two clients are exactly alike, and neither is our approach — we take the time to understand your specific situation so we can offer advice that actually applies to you.
NSO and Company is located in Fishers, Indiana, just off I-69 near the intersection of Lantern Road and 96th Street — an easy, convenient drive from anywhere in the Indianapolis area. Our office is at 8950 Fitness Lane, Suite 100, Fishers, IN 46037.
We’re open Monday through Friday, 8 am – 4 pm, and welcome walk-ins as well as scheduled appointments. If you’d like to speak with someone directly, call us at 317-588-3131.
NSO and Company combines years of experience with personalized service to help individuals and businesses prepare their taxes accurately and on time. We take the time to understand your situation, answer your questions, and look for opportunities to help you maximize your tax savings, while staying compliant and making the process as smooth as possible. Our clients also value our fair pricing and the confidence that comes from working with a trusted local firm.
