Tax season 2019 officially starts on January 28th when the IRS will begin processing tax returns, but this is no ordinary tax season. The combination of first year tax reform along with the government shut down will create a challenging environment.
The IRS was in the middle of implementing many pieces and forms related to the new tax law when the government shut down. Even though we have the government reopening until mid-February (hopefully permanently if budget issues can be resolved), we anticipate delays in processing and final determinations of open tax reform items. This will require patience as we work through all these open items and the backlog created during the shutdown.
We recommend starting early and delay filing, if you can, to let the IRS work out many of these problems. We anticipate a variety of missteps by the IRS which may require amended returns and delays in processing.
Please see our post “What you need to know this tax filing season” for specific changes that will affect your individual tax return.
If you have any questions, regarding your specific situation and the impact of these changes, please do not hesitate to contact us.