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Paper Checks Scheduled to Cease on September 30, 2025

On March 25, 2025, President Trump signed an Executive Order requiring the U.S. Treasury to phase out paper checks for nearly all federal payments and collections starting September 30, 2025.

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Changes to Form 1099-K Reporting

Form 1099-K was first introduced in the 2011 calendar year. The 2011 form, titled Merchant Card and Third-Party Payments, was required to be filed by Third-Party Settlement Organizations (TPSOs) only

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