White House says tax refunds ‘will go out’ but tax professionals say be prepared
The Trump administration contradicted all Republican logic, reversed precedent set by previous administrations and may have broken the law by announcing that the Internal Revenue Service will not delay the running of your money because the IRS will issue tax refunds during the federal government shutdown.
During a shutdown, the IRS typically doesn't perform audits, pay refunds or offer assistance to taxpayers if they have questions, especially outside of the filing season. Last year, during the period of late January through the beginning of March, the IRS paid out $147 billion in refunds to more than 48 million households, the Post reported.
The announcement was made by the White House Office of Management and Budget.
The partial shutdown, which began December 22, has cut off funding to the Treasury Department.
More details about the IRS filing season will be included in an updated FY2019 Lapsed Appropriations Contingency Plan, scheduled to be released in the next few days.
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"Of course, once the shutdown ended, Federal salaries would be paid and tax rebates sent out, so the impact on first-quarter GDP should be much smaller than that... as long as the shutdown ends within the next month or two", Ashworth said.
The shift from the White House comes as officials prepare for an extended shutdown. The shutdown complicates an already complex tax season due to the myriad new regulations created by the Tax Cuts and Jobs Act, the sweeping bill signed into law by President Donald Trump in late 2017. The state is waiting for the shutdown to end before accepting tax returns.
"Democrats on the House Ways and Means Committee said they began to see indications over the weekend that the White House was looking for a legal justification to reverse existing policy and allow refunds to be issued", The Times reports.
Americans will still get a tax refund this spring despite concerns that the ongoing partial government shutdown could disrupt that, an official told reporters on Monday.
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