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Under Threat of Another Shutdown, Taxpayers Advised to File Early

Under Threat of Another Shutdown, Taxpayers Advised to File Early

Takes

Financial advisors across the country are advising tax filers to get their return filed in the coming week. That way, they can avoid any potential issues that might come from another federal government shutdown. The continuing resolution that re-opened the federal government last month is set to expire next Friday, leaving the possibility for another shutdown. Accountant Regan Takes from Dubuque firm Heacock and Jones says another shutdown would mean Internal Revenue Service employees wouldn’t be paid to process returns or answer taxpayer questions. The Trump administration has said that tax refunds will be paid out regardless of whether there’s another shutdown. But Takes says the process to get those refunds might be significantly impacted. Takes typically recommends filing early, but says it will be especially important to do so this year. It typically takes three weeks for the IRS to process a tax return.

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