As everyone knows, the Government is currently shutdown. The IRS is part of the Government. So what does a shutdown mean for you when you file your tax return?
First, it is important to remember that the BEFORE the shutdown even happened, the IRS was not filing tax returns until January 29th. So, if the Government is back up and running by that time, business will go on as usual. However, if the Government is still shutdown a week from now, some things will be affected, while some may not.
Issues that would be put on hold:
Here’s a partial list of functions that directly impact taxpayers which will typically continue if the government shuts down:
To sum it up, the biggest issue here would be a delay in refunds being issued. However, you will still be able to file your tax return on 1/29/18. If you are typically an early filer, we would suggest you continue to do so. Filing early will reduce your chances of being a victim of ID theft. Please keep in mind this is the tentative plan and these plans can be changed. We will update with any changes as they happen.
The post What Does A Government Shutdown Mean For Tax Filing? appeared first on Talking Tax to Milwaukee.
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