How could the government shutdown impact my tax filing?
As we sit here today on January 21, 2019, the government shutdown is now approaching its 30th day. Politics aside, government workers, contractors that work on government contracts, and millions of others who service or transact business with these families have been impacted, and for that reason, we all wish that this would come to a quick resolution.
Despite the government shutdown, and a majority of IRS offices either closed or understaffed, tax season and tax filing deadlines move forward. We hope this brief update will help you navigate the potential impact the shutdown may have on you.
First, if you are currently attempting to resolve a dispute with the IRS please take note of the following: If you are trying to communicate with the IRS to clear up a tax notice received by the IRS through submission of additional documents or phone call/fax correspondence; our office suggests that any payment or documentation being mailed to the IRS be sent through certified mail with tracking. Packages often get misplaced or lost when sending to the IRS during normal working conditions, and the likelihood that this will occur in a government shutdown is much greater. As always, keep copies of
Preparing for this year’s tax deadline: Continue to collect and gather your year-end tax documents, such as W2s, 1099s, 1098s, K1s, etc. The deadline for companies to submit tax documents to employees and investors has not changed. You should still receive all your tax-related documents as you have in years past. If you are missing a tax document contact the employer, bank or issuing company that had previously sent it and confirm they issued that document this year. The IRS does have an online tool to access tax transcripts if you need a history of a prior year’s tax returns. www.irs.gov/individuals/get-trascript
It is our understanding that the IRS is accepting submission of tax returns, and as stated previously no filing deadlines have been adjusted as a result of the shutdown. So keep getting your tax documents loaded into our Intuit Link portal link.intuit.com so that our staff can prepare your return in a timely manner.
The final impact that a majority of taxpayers are concerned about is the
If you have additional questions regarding the shutdown and its impact on your tax return, please contact our office.
As always, we look forward to working with all our clients this tax season.