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IRS Makes Changes to Check Processing

On a recent Tax Talk Today program, Pamela Walker, Deputy Director of Submission Processing, indicated that the IRS would be implementing what it calls a paper-check conversion. The IRS will begin using a micro-reader for check processing which means that the tax payment will be immediately debited from the taxpayer's account. Taxpayers who are used to having some float time aren't going to have that any longer. Eventually, the IRS plans to use this technology at walk-in sites as well.

Source: National Association of Tax Professionals
 
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