Government shutdown could hinder speed of tax refund

Bigapplestock

Bigapplestock

If the government shutdown continues into tax season, taxpayers may not see their tax returns for quite some time, according to officials. That's because the Internal Revenue Service (IRS), which handles federal taxes, wasn't planning on tax season fully starting until later in January, anyway.

But fear not! While the Internal Revenue Service now lacks the funds to process refunds, it is fully prepared to process tax returns that include payments to the government.

But if the shutdown drags on longer, there could be delays and other serious problems at the IRS.

The tax assistance lines won't be staffed until the shutdown ends. -Mexican border. As a result, about 800,000 federal workers have been unpaid due to the closure of about a quarter of the federal government.

The agency has been part of the government shutdown cut backs, retaining only about 12.5% of their workers. That includes questions about how the new tax law may have changed things for this year's W-2 forms, which they must send out by the end of January. Meanwhile, several types of tax return processing were deemed "Necessary for the Safety of Human Life or Protection of Government Property".

Chicago Bulls: 3 takeaways from the Justin Holiday trade
Brooks, the No. 25 pick by the Celtics in 2011, is averaging 6.6 points in 29 games. This season, Selden made 32 appearances with the Grizzlies .

The shutdown plan cuts staffing at the IRS by 88 per cent, and the agency will not conduct audits or answer taxpayer questions under the current shutdown plan.

Refunds won't be issued until the government is reopened, which could mean trouble for those hoping to have some extra cash in February or March.

Knuff, who has prepared tax returns in Cleveland for 40 years, said people have gotten use to receiving their refunds in just a couple weeks.

"According to sources there will be a delay on tax refunds due to government shutdown, we are all anticipating a quick resolution".

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