Electronic IRS Payments Coming Soon—What Farmers and Taxpayers Need to Know

RFD-TV Farm Legal and Taxation expert Roger McEowen joined us Friday to break down the executive order and what it means for farmers and ranchers.

WASHINGTON, D.C. (RFD-TV) — The IRS is moving away from paper checks as part of a federal push toward fully electronic disbursements. A new executive order directs federal agencies, including the Treasury Department, to stop issuing paper checks—a change that will affect a wide range of government payments to individuals and businesses.

RFD-TV Farm Legal and Taxation expert Roger McEowen with the Washburn School of Law joined RFD-TV News on Friday to break down the executive order and what it means for taxpayers.

In his interview, McEowen explained that the order includes a September 30 deadline for agencies to comply with the transition. While most taxpayers already use direct deposit, those who still receive paper checks will need to prepare for the shift. He also discussed possible exceptions, noting that some situations—such as certain hardship cases or individuals without access to banking—may still qualify for alternative payment options.

Taxpayers are encouraged to verify their direct-deposit information with the IRS and other federal agencies to avoid delays once paper checks are phased out.

FIRM TO FARM: IRS Moves Toward Electronic Disbursements (and Payments)

Related Stories
Farm Credit’s Christy Seyfert joined us to discuss the ag industry’s push for swift Farm Bill action as it heads toward a House vote.
Bridge payments are helping, but many producers still face losses and tight margins. AEM’s Curt Blades joins us to discuss how the current farm economy is pressuring equipment demand.
Feed demand and premiums drive growth for the crop
Purdue economist Dr. Joana Colussi discussed the U.S. and Brazil’s reliance on imported fertilizers and their impact on global food security amid rising input costs.
RFA President and CEO Geoff Cooper joined us to discuss the proposed E15 amendment in the Farm Bill, industry reaction to the legislation, and the outlook for year-round E15 sales.

LATEST STORIES BY THIS AUTHOR:

CLAAS is pleased to announce its title sponsorship of the RFD-TV broadcast studios in Nashville, TN. The RFD-TV studios were officially recognized as the “CLAAS Studios” on July 3, 2023 further advancing the recognition of CLAAS as a leading large equipment manufacturer in North America.
Researchers at the Boyce Thompson Institute have constructed the perfect watermelon—returning “lost” genes from the domesticated fruit’s wild relatives that improve both taste and resilience during the growing process.
Thursday, 8/17/23 – 10 PM ET | 9 PM CT | 8 PM MT | 7 PM PT
Legendary singer/songwriters Wynn Varble and Rory Feek bring together some of their favorite songs, stories, and songwriters each week for the second season of Muletown in the Round, an exciting music & entertainment program returning to RFD-TV!
Monday, 8/28/23 – 10 PM ET | 9 PM CT | 8 PM MT | 7 PM PT
Thurs., August 24, 2023 — 10 PM ET | 9 PM CT | 8 PM MT | 7 PM PT