Will a federal government shutdown affect tax season?
Update 10:15 a.m. Saturday April 9: CNN is reporting that a temporary budget agreement has been reached, but it is only through Friday April 15. This will be a developing situation throughout the week.
*** my original post ***
Brian J. O’Connor, financial columnist at the Detroit News, did some analysis on what has been said – or not - in regards to the Internal Revenue Service operations if the federal government lands in a budget-related shutdown.
Here’s a detail to note from his column:
… what if instead of getting a refund, you’ll be paying a tax bill during any government shutdown? In that case, don’t try to float a check now and plan to cover after the IRS gets back up to speed. During the last government shutdown, the IRS continued to deposit all those “essential” checks.