2018 Tax Season Opens

The IRS announced on announced on January 14 that it is prepared to start processing 2018 tax returns on Jan. 28 and that it will pay tax refunds despite the partial shutdown of the federal government. The agency has been operating under a plan that has seen 88% of the IRS’s workforce laid off. It says it will recall “a significant portion” of its staff for tax season.

Under the IRS’s original contingency plan, which officially ran through Dec. 31, the agency would process electronic returns (and paper returns up to a certain point) but would not issue refunds. However, the IRS believes it has statutory authority to issue refunds under 31 U.S.C. Section 1324.

The IRS is shut down because it is one of the government agencies that did not have its budget funded through fiscal year 2019. The agency’s funding ran out and since then it has been operating under a contingency plan that allows for preparation for filing season and a limited number of other activities.

US tax filers should file their returns as soon as they are bale in order to avoid the rush as the tax season picks up and approaches the filing deadline of April 15 and June 15.

Weinstein & Co. is able to assit with all filiers and all required forms, US citizens, Foreign filers, corporations, and partnerships. Please feel free to contact us at 077 738 666 or w@wcpa.co.il

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