Tag: 2019

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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…

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The White House will order the IRS to pay income tax refunds despite the government shutdown, Russ Vought, acting director of the Office of Management and Budget, said at a briefing with Vice President Mike Pence. The IRS has sent close to 90 percent of its workforce home without pay due to the government’s partial shutdown, according to a…

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The IRS will begin accepting tax returns on January 28, with nearly 155 million individual tax returns expected to be filed in 2019. The nation’s tax deadline will be April 15 this year. Many software companies and tax professionals will be accepting tax returns before Jan. 28 and then will submit the returns when IRS systems open.  The…

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Nov 30

Tax Reform

After months of intense negotiations, the President signed the $1.5 trillion tax reform legislation known as the “Tax Cuts And Jobs Act Of 2017” (the “New Law”) on December 22, 2017 – the most significant tax reform since 1986. It is no overstatement to say that this mammoth tax bill will have a significant impact on…

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