IRS Will Collect Taxes but Give No Refunds During Shutdown
- 5 years ago
IRS Will Collect Taxes
but Give No Refunds
During Shutdown Taxpayers are concerned about receiving their refunds as the partial government shutdown continues. The agency's recently-issued shutdown
plan states that only 12.5% of its employees
are allowed to work. The IRS claims
issuing refunds is a
"non-excepted" activity since those in charge of issuing refunds would be on leave during a shutdown. Other types of tax returns
will be processed, as they are considered "Necessary for the Safety of Human Life or Protection of Government Property." As tax season approaches,
the plan could be revised, but according to 'The Wall Street Journal' and CNN, the IRS typically doesn't issue refunds during a shutdown. Jon Helpling, H&R Block Senior Tax Analyst, says taxpayers should still file their taxes as early as possible. Jon Helpling, via
'USA Today' According to
'The Wall Street Journal,' a delay in tax refunds will likely affect low-income Americans the most.
but Give No Refunds
During Shutdown Taxpayers are concerned about receiving their refunds as the partial government shutdown continues. The agency's recently-issued shutdown
plan states that only 12.5% of its employees
are allowed to work. The IRS claims
issuing refunds is a
"non-excepted" activity since those in charge of issuing refunds would be on leave during a shutdown. Other types of tax returns
will be processed, as they are considered "Necessary for the Safety of Human Life or Protection of Government Property." As tax season approaches,
the plan could be revised, but according to 'The Wall Street Journal' and CNN, the IRS typically doesn't issue refunds during a shutdown. Jon Helpling, H&R Block Senior Tax Analyst, says taxpayers should still file their taxes as early as possible. Jon Helpling, via
'USA Today' According to
'The Wall Street Journal,' a delay in tax refunds will likely affect low-income Americans the most.