Government shutdown could mean delayed tax returns

Government shutdown could mean delayed tax returns

Government shutdown could mean delayed tax returns

But many people start filing in mid-January, hoping to get an early tax refund.

He also encourages taxpayers to not delay filing their tax returns, just because of the stalemate in Washington D.C. So, yes, one would think by March, tax season, refunds and tax money would be starting to flow into our economy.

Normally, individuals can not file their tax returns until their employer files and delivers their W-2, Wage and Tax Statement, or Form 1099 (for freelancers) by January 31. Day, according to Gundersdorff. The government will take your money but it can't do refunds during a shutdown.

CLEVELAND- If the government shutdown continues, here's a twist: You would still owe your taxes on time.

First, tax refunds won't be issued. Gundersdorff said the timing of refunds will depend on when the government reopens. "If we finish this up next week, maybe".

Americans have been shielded from the effects of the so-called government shutdown.

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

While filing will begin in just a few weeks, those filling out their taxes will be unable to speak to someone if they have questions if the government is shut down.

The shutdown reportedly has the IRS operating with only about 13 percent of its normal staff.

This partial government shutdown, which began December 22, means that impacted federal employees are either furloughed or working without pay, although once a deal is reached those working without pay now will be paid retroactively.

Nikali Luke with Simplified Tax and Accounting Services says there are two problems for tax payers during the shutdown.

On Friday afternoon, in a press conference at the White House Rose Garden, President Trump told reporters that he is prepared to keep the government closed for months or even years if Democrats do not agree to provide funding for a border wall.

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