The Internal Revenue Service will be phasing out paper refund checks for individual taxpayers beginning next year due to what officials are calling "widespread fraud."

New Canaan financial expert Roy Abramowitz says, like it or not, that means taxpayers will have to give the government their direct deposit information to get their refunds.

"There are people that don't have bank accounts. That will be an inconvenience. You can ask for an exception, but it will delay your refund. So the bottom line here is, you should open up a bank account. For your own protection, get an IRS ID pin, electronically file and give the IRS your direct deposit bank information for your refund," Abramowitz says.

The IRS says it'll make exceptions for taxpayers who are facing "significant physical or financial hardships." However, as Abramowitz says, it'll take longer for those taxpayers to get their refund.