Government Shutdown Could Delay Your Tax Refund

Government Shutdown Could Delay Your Tax Refund

Government Shutdown Could Delay Your Tax Refund

During the shutdown, the IRS can do many of its activities, such as protecting government property, process returns that come with payments and conduct criminal investigations.

The IRS generally doesn't issue tax refunds during a shutdown, CNN reported.

For early taxpayers, this could mean a delay in when they receive their refunds.

The IRS has sent close to 90 percent of its workforce home without pay due to the government's partial shutdown, according to a contingency plan published by the agency in December.

While refunds might be delayed, the April 15 deadline to file won't change.

There is a new concern as the partial government shutdown drags on.

If consumers haven't received tax forms by mid-February, they are advised to contact your employer and request a copy or ask that it be resent, according to the IRS.

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"A lot of families rely on this income, so that's going to be the biggest issue", said Alejandra Pino, a tax preparer for Shining Accounting Services in Harrisonburg.

If the shutdown is resolved in a few weeks, it may not affect taxpayers, but the current situation increases the likelihood of a delay in refunds - which could put pressure on lawmakers to reach a deal to fund the government, Rubin wrote.

Land is owner of "B MAC Tax Services" and has been talking with other tax experts to help answer clients' questions about the shutdown.

But those hoping that an IRS shutdown means a breather on their taxes will be disappointed.

Across the federal government, about 800,000 federal workers have been unpaid as Trump withholds his support for a bill which would fund the government until he secures the money for the wall that he promised during his election campaign. "Normal operations will resume as soon as possible".

The likelihood of this delay shouldn't stop you from filing early through.

"Individuals and CPAs have been calling the IRS for clarification on some of those things and obviously they're not taking any calls right now".

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