IRS Activities Following the Shutdown

NSTP2019 Tax Season, Internal Revenue Service (IRS)

IRS Activities Following the Shutdown

The IRS has reopened following the end of the government shutdown, and IRS employees are working hard to resume normal operations and help taxpayers as much as possible. As the IRS resumes operations, there are some important pieces of information for taxpayers and tax professionals to keep in mind in several areas: Audits. For taxpayers and tax professionals with questions about examinations affected by the shutdown, we have Frequently Asked Questions. The IRS also had advice for taxpayers who had planned to send material to their IRS auditor but didn’t because of the government shutdown. The IRS recommended that If taxpayers have already assembled the requested material, they can immediately send the material to their auditor. “You may call your auditor to discuss any items on your document request if you need clarification,” said the IRS. “Your auditor will also be reaching out to you to re-establish contact in the next several business days. During this contact, your auditor will be able to answer questions you have and will address the time frame on when the requested information is due.” Collections. For taxpayers and tax professionals with collection issue affected by the shutdown, visit the Frequently Asked Questions. This section … Read More

IRS Announces On-Time Tax Season Opening and Projected Refund Dates

NSTP2019 Tax Season, Internal Revenue Service (IRS)

IRS Announces On-Time Tax Season Opening and Refund Dates

IRS has announced that it successfully opened the 2019 tax-filing season on Monday, January 28, 2019, as planned. Projected timing of refund payments. IRS expects the first refunds to go out in the first week of February and many refunds to be paid by mid-to-late February like previous years. IRS expects to issue more than nine out of 10 refunds in less than 21 days. However, it’s possible a tax return may require additional review and take longer. IRS’s Where’s My Refund has the most up to date information available about refunds. The tool is updated only once a day, so taxpayers don’t need to check more often. IRS also notes that refunds, by law, cannot be issued before February 15 for tax returns that claim the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC). This applies to the entire refund—even the portion not associated with the EITC and ACTC. While IRS will process the EITC and ACTC returns when received, these refunds cannot be issued before February 15. Similar to last year, IRS expects the earliest EITC/ACTC related refunds to actually be available in taxpayer bank accounts or on debit cards starting on February 27, 2019, … Read More