P&L Tax Services

04/03/2026

Just a little warning! Be safe and careful!

03/03/2026

IRS Individual Online Accounts: An easy tool for taxpayers
The IRS continues to take steps towards transforming the taxpayer experience in several ways. All taxpayers are encouraged to create an IRS Individual Online Account. While this is not a new tool, users are able to access their tax account information securely online and to help protect against identity theft and fraud.
Anyone who can verify their identity may create an account. Once established, it’s important that the taxpayer be the only one to log into their account. Log in information should never be shared with others.
Benefits of an Individual Online Account:
• View key tax return information, such as their adjusted gross income
• Request an identity protection PIN and access it throughout the year
• Check the status of their refund
• Confirm the status of their amended return
• Get account transcripts, including wage and income records
• Approve power of attorney and tax information authorization requests
• Edit language preferences and request alternative media
• Receive and view over 200 IRS digital notices
• Make and cancel payments
• Set up or modify payment plans and check their balance
Types of tax documents available for viewing and downloading:
• Form W-2, Wage and Tax Statement
• Form 1095-A, Health Insurance Marketplace Statement
• Form 1099-NEC, Nonemployee Compensation
• Form 1099-DIV, Dividends and Distributions
• Form 1099-INT, Interest Income
• Form 1099-MISC, Miscellaneous Information
With a focus on improving the taxpayer experience and supporting timely filing, wage and income transcripts for 2025 are now available on IOLA - weeks ahead of the typical late-March timeframe. These transcripts are especially helpful for taxpayers who have moved, changed jobs or misplaced their documents.
In some cases, a transcript may not populate and a message of “No record of return filed” may show. This is because the IRS has not received the data from the employer.

02/19/2026

Mrs. Maddie Watts makes beautiful cupcakes.

02/19/2026

We are here to help!

01/13/2026

01/07/2026

Does the IRS still accept Tax Payments by Check?
No, as of October 1, 2025, the IRS no longer accepts paper checks for tax payments, except for very limited exceptions. All federal tax payments must now be made electronically.
This change is mandated by a federal Executive Order to modernize payment systems, reduce fraud risks, and improve efficiency. Paper checks are reportedly 16 times more likely to be lost, stolen, or altered than electronic payments.
Approved Electronic Payment Methods
The IRS offers several secure electronic payment options for individuals and businesses:
• Electronic Funds Withdrawal (EFW): If you e-file your return, you can authorize an automatic electronic funds withdrawal from your bank account as part of the filing process. You can select a pay date up to and including the tax due date of April 15, 2026.
• IRS Direct Pay: A free service that allows you to pay directly from your bank account without any registration, and schedule payments up to 365 days in advance.
• Electronic Federal Tax Payment System (EFTPS): This system is ideal for individuals and businesses who need to make recurring or large payments. Enrollment is required and can take several weeks, so plan accordingly.
• Pay by Debit/Credit Card or Digital Wallet: You can pay online or over the phone through approved third-party processors. Note that these processors typically charge a fee.
• IRS Online Account: You can create an online account using an ID.me login to view your balance, payment history, and make payments.
Limited Exceptions
Limited exceptions for the electronic payment mandate may apply to those without access to banking services or in cases of financial hardship, but specific guidance for these situations is still being developed by the Treasury Department. Taxpayers without bank accounts are encouraged to explore options through the FDIC's GetBanked program.
To avoid penalties or processing delays, the IRS recommends transitioning to electronic payments immediately.