Delayed tax refunds? Prolonged partial government shutdown causes concern

Americans may find themselves missing an agency they usually love to hate if the government shutdown persists the Internal Revenue Service

Americans may find themselves missing an agency they usually love to hate if the government shutdown persists the Internal Revenue Service

The IRS would have to suspend tax audits, the Small Business Administration's processing of loan applications would be halted and National Parks would close if the federal government is forced into a partial shutdown because of the budget impasse in Congress.

Across the federal government, about 800,000 federal workers have been unpaid as Trump withholds his support for a bill which would fund the government until he secures the money for the wall that he promised during his election campaign.

The Internal Revenue Service is one of the agencies impacted by the shutdown, and it's now operating with only 12.5 percent of its workforce, according to CNN.

In the meantime, some IRS employees are still working to implement the Republican tax plan, the Tax Cuts and Jobs Act, which contained its own funding for two fiscal years.

You still have to pay, but your refund may get held up. We predict the shutdown might last a few weeks but based on the attached chart, our Government will be jeopardizing its own health if this is not resolved by February 16 or the government might indeed need a wall to protect itself from its in citizenry. So, yes, one would think by March, tax season, refunds and tax money would be starting to flow into our economy.

A short shutdown may have little impact, but a longer shutdown could prevent people who like to file their returns early from getting their refunds right away.

China confirms trade talks with United States beginning Monday
The International Monetary Fund estimates that China's economy grew about 6.6 per cent in 2018, down from 6.9 per cent in 2017. Auto sales tumbled 16 percent in November over a year earlier and weak real estate sales are forcing developers to cut prices.

But as Politico reported, that could change as tax filing season begins - and some workers could get called back and be expected to work without pay (at least until they get back pay once the government reopens).

The IRS plan says that only 12.5 percent of the IRS workforce is authorized to work during a shutdown, while the rest of the agency faces furloughs.

First, tax refunds won't be issued.

As the government remains closed, worry spreads about what this means for us, the taxpayers.

A 16 day government shutdown in 2013 meant delays for more than $2.2 billions in tax refunds. That work is likely to be stalled by a shutdown. According to the agency's contingency plan for lapsed appropriations, taxpayer refunds are one of the things that will be affected.

Latest News