01.17.2019
INCOME TAX NEWS
This year has presented itself with a plentiful bounty of changes. Some changes that might be beneficial to you and others that might require you to review your future expenses as the current administration continues to iron out publication laws. The following below is a sample article from the IRS.
-----------------------------------------
IR-2019-01, January 7, 2019
WASHINGTON ― Despite the government shutdown, the Internal Revenue Service today confirmed that it will process tax returns beginning January 28, 2019 and provide refunds to taxpayers as scheduled.
“We are committed to ensuring that taxpayers receive their refunds notwithstanding the government shutdown. I appreciate the hard work of the employees and their commitment to the taxpayers during this period,” said IRS Commissioner Chuck Rettig.
Congress directed the payment of all tax refunds through a permanent, indefinite appropriation (31 U.S.C. 1324), and the IRS has consistently been of the view that it has authority to pay refunds despite a lapse in annual appropriations. Although in 2011 the Office of Management and Budget (OMB) directed the IRS not to pay refunds during a lapse, OMB has reviewed the relevant law at Treasury’s request and concluded that IRS may pay tax refunds during a lapse.
The IRS will be recalling a significant portion of its workforce, currently furloughed as part of the government shutdown, to work. Additional details for the IRS filing season will be included in an updated FY2019 Lapsed Appropriations Contingency Plan to be released publicly in the coming days. "
---------------------------------------------------
Full article at IRS.GOV
For more on the latest, subscribe and follow our social media's on Facebook and Twitter
-Mega Refund Staff
No comments:
Post a Comment