The Government Shutdown and the IRS! UPDATE: 1/8/2019
Hello again everyone! Since writing my prior article concerning the effect on the IRS resulting from the ‘government shutdown’ (BTW, you can read that article by clicking here) the IRS late yesterday (Monday, January 7th) has finally announced that they will begin processing tax returns on January 28th (a Monday). Hence that will be the start of ‘Tax Season’.
As usual, the filing deadline will be April 15th (a Monday) for most people. Taxpayers in Maine, Massachusetts and the District of Columbia will be the exception with the filing deadline to be April 17th due to local holidays.
The IRS plans to release details on it operational plans in the coming days, but did report that a significant portion of its furloughed employees will be recalled.
Finally, the Treasury Department and the Office of Management and Budget (OMB) have agreed that the IRS can issue tax refunds during a prolonged government shutdown. However, as a reminder, the IRS cannot issue refunds to those claiming the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) before mid-February.
Solid Tax Solutions (SolidTaxSolutions.com)
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Bruce – Your Host at The Tax Nook
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