Published: Sat, January 05, 2019
Markets | By Otis Pena

Filing Taxes during Government Shutdown

Filing Taxes during Government Shutdown

That's because tax returns won't be processed until the IRS employees return to work, which won't happen until the shutdown ends. But if you're due a refund, well, you may have to wait a long time to get it.

"One is that during the shutdown they wont release refunds, so even if you file your tax return until the government reopens, they wont issue you your 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.

The Internal Revenue Service is one of the agencies now not funded as a result of the shutdown.

"It does throw a little bit of wrench into things", said Kyle Pomerleau, economist at the Tax Foundation.

The government shutdown is showing no sign of ending.

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The average tax refund previous year was $2,800, money that many families rely on to help pay for rent, food and child care, Neal said in the letter.

Tax filing season usually begins in mid-January, and if the shutdown is resolved by then it may have little lasting impact on taxpayers.

But any gap in individuals not receiving money they're owed will only intensify pressure on Trump and lawmakers to strike a deal quickly.

"Wealthier filers generally have more sophisticated returns and file later so they should not be affected as much" Floyd Williams, a former senior IRS official, told the Journal.

In addition, there is a new 1040 form this year because of the new tax law that was passed just more than a year ago.

The message also states that "normal operations will return as soon as possible". But if it drags on, taxpayers across the country likely will feel the impact - if income tax refunds are delayed.

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