As of January 28th, the government has reopened — which means that the IRS has its work cut out for it. With the government shutdown’s looming shadow, taxpayers now worry about whether or not their refunds will be delayed. That worry is valid, but thankfully taxpayers can expect a very short to no delay in their returns!
This is why:
According to the Internal Revenue Service, the agency expects refunds to be distributed in the first week of February and the majority of other refunds to be distributed by mid-to-late February, as they were in previous years. In light of the recent government shutdown and the new Tax Cuts and Jobs Act of 2017, IRS Commissioner, Chuck Rettig, stated, “Although we face various near- and longer-term challenges, our employees are committed to doing everything we can to help taxpayers and get refunds out quickly.” As well, Rettig said, “Taxpayers can minimize errors and speed refunds by using e-file and IRS Free File along with direct deposit.”
Taxpayers can rest assured knowing that the IRS has prepared for a challenging 2019 tax season. Unless the taxpayer needs to file their return over the phone and/or must claim the EITC (Earned Income Tax Credit) or the ACTC (Additional Child Tax Credit), the agency expects to distribute more than nine out of ten refunds in less than 21 days after the submitted return. As soon as possible, taxpayers should electronically file their returns for quick and efficient refunds.
Whether you owe money to the IRS or you have a State tax debt, our staff of Enrolled Agents and Tax Professionals can help you! We have over 50 years of experience negotiating with the IRS in all 50 States.
Call The Tax Defense Group today!