Tax Time Still Happening While Government Shut Down
As the government shut down continues on, taking headlines all over the country, many may wonder how this could impact tax season. The short answer is – we all still have to file our taxes like any other year. It’s expected that the IRS will start to accept business tax returns on January 22, 2019 and individual tax returns on January 28, 2019.
Here at MNMW, we want to make sure you have some extra information to help make tax planning and preparation as easy as possible. Please keep the following in mind:
- Due to the recent tax law changes with the Tax Cuts and Jobs Act, additional information may be needed not only to ensure that your tax documents are complete but to also determine how we can best maximize to your tax benefits when preparing and filing your taxes.
- The new tax law could also impact the time and fees related to your tax return. Please be prepared for those possible scenarios.
- Although the IRS may start accepting returns, there may be other reasons to hold on actually filing your tax return even though your tax return is virtually complete (such as unavailable forms or pending technical corrections that are expected to be issued). We’ll advise you as we see these issues arise.
Make sure you do not delay in providing your tax information to us. Once the government shut down comes to a close, the IRS will be busier than usual, so if there are any items to address, getting them in sooner would be in your best interest.
We appreciate our relationship with you, and invite you to contact us with any questions. Everyone here at MNMW wishes you a Happy 2019, and a seamless tax filing season!