It was iffy there for awhile, but that old adage about the certainty of taxes just might be true. In spite of the challenges, the IRS has announced the beginning of tax season for 2018 tax returns.
If you’re getting a refund that’s probably good news. If you have to pay, maybe not so much.
Tax Season for 2018 Tax Returns
Monday, January 28, 2019 is the date the IRS plans to begin processing 2018 tax returns, in spite of the government shutdown. And in a change from previous announcements, it will also pay tax refunds.
How, with 88 percent of its workforce out and no funding since December 21, 2018? The agency plans to recall a significant portion of those furloughed employees under an updated contingency plan.
The IRS also plans to recall sufficient employees to answer between 60 and 70 percent of phone calls from taxpayers who need assistance. Plan for delays.
It’s important to know that the filing deadlines have not changed.
There’s no word on the speed with which the IRS will process returns and refunds under these challenging circumstances.
Concerned about tax planning or your tax returns??