The current “government shutdown,” is in its third week. Some government agencies are not impacted, while others are working with decreased staffs and reduced operations. The IRS is one such agency impacted by the shutdown and has furloughed many of its employees.
There was some uncertainty that if the shutdown continued, it might impact the issuance of tax refunds for the upcoming filing season from 2018 individual tax returns. The IRS announced on January 7, 2019 (please click here to read this IRS Announcement) the following:
We will continue to monitor this situation. With this government shutdown, the IRS will be challenged to keep pace with tax returns this year, but they have promised to continue processing returns and issuing refunds. They will also be tested on another front, as this is the first filing season with tax returns including changes from last year’s “Tax Cuts and Jobs Act” (TCJA). This could result in some interruptions and confusion as TCJA guidance is still needed in several areas and new forms must be developed. Yes, it will likely be a busier busy season this year. Stay tuned. . .
Please contact your Sikich tax advisor if you have any questions.
This publication contains general information only and Sikich is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or any other professional advice or services. This publication is not a substitute for such professional advice or services, nor should you use it as a basis for any decision, action or omission that may affect you or your business. Before making any decision, taking any action or omitting an action that may affect you or your business, you should consult a qualified professional advisor. In addition, this publication may contain certain content generated by an artificial intelligence (AI) language model. You acknowledge that Sikich shall not be responsible for any loss sustained by you or any person who relies on this publication.
About the Author
Sikich
Sikich is a global company specializing in technology-enabled professional services. With more than 1,900 employees, Sikich draws on a diverse portfolio of technology solutions to deliver transformative digital strategies and is comprised of one of the largest CPA firms in the United States. From corporations and not-for-profits to state and local governments and federal agencies, Sikich clients utilize a broad spectrum of services* and products to help them improve performance and achieve long-term, strategic goals. *Securities offered through Sikich Corporate Finance LLC, member FINRA/SIPC. Investment advisory services offered through Sikich Financial, an SEC Registered Investment Advisor.
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