Government shutdown could delay tax refunds

Americans may find themselves missing an agency they usually love to hate if the government shutdown persists the Internal Revenue Service

Despite the shutdown, the IRS can still process some tax returns that include payments, the Wall Street Journal report said.

As budget negotiations to reopen the government have stalled over President Donald Trump's demand for funding to build a border wall, the risk is growing that tax refunds could be delayed if furloughed IRS workers don't return to work.

The Internal Revenue Service is one of the agencies impacted by the shutdown, and it's now operating with only 12.5 percent of its workforce, according to CNN.

While it's ordinarily true that the early bird gets the worm, if the government remains shut down, when it comes to taxes, it may not pay to get returns in early. As a shutdown lasts longer, the agency will have to rework its plan, and head into more uncertain territory that could demand, for example, that agency employees show up to work without pay.

If the shutdown is resolved in a few weeks, it may not affect taxpayers, but the current situation increases the likelihood of a delay in refunds - which could put pressure on lawmakers to reach a deal to fund the government, Rubin wrote.

So if the shutdown ends soon, there shouldn't be a big impact on 2018 tax refunds.

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The tax assistance lines won't be staffed until the shutdown ends.

If an individual receives their W-2 or Form 1099 after filing and the information is different than what was claimed, that person can file an amended tax return using Form 1040X.

First, tax refunds won't be issued.

According to Businessinsider.com, the IRS is now operating on about 12 percent of its employees.

Looking back at previous year, by February 2, 2018, the IRS had paid $12.6 billion in refunds to more than six million households.

That means most workers whose duties range from answering taxpayer questions to paying out refunds typically aren't at work.

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