Tax Refunds During a Government Shutdown
Are you wondering what will happen to your tax refund if the government is shutdown through the tax season? The White House Office of Management and Budget has recently stated that ALL tax refunds will be paid even if the federal government remains shut down.
Traditionally, the Internal Revenue Service has not issued refunds to taxpayers while the government is shut down. While that appeared to be the case when the Department of Treasury posted its Lapsed Appropriations Contingency Plan for the IRS last month, the acting director of the White House Office of Management and Budget has more recently stated that tax refunds will go out.
It is unclear how that might happen and how that might impact other IRS operations. Despite signals that the IRS might issue an updated contingency plan last week, no update has appeared on the site. The start date for the new tax season begins January 28th, 2019 & the due date remains April 15, 2019.
If you are looking for tax preparation assistance for small business or personal taxes, please give our North Hills / Pittsburgh CPAs and tax experts a call.