Will the Shutdown Delay Your Tax Refund?
Will the Shutdown Delay Your Tax Refund?
Whether or not you’re following the government shutdown, eventually it could affect you. For most people, life has continued as normal since the federal government decided to shut down late last year. If you don’t work for the government, then chances are you haven’t noticed any significant changes to your daily routine. However, the 2019 tax season officially kicked off on January 28. And the shutdown could start to affect just about everyone at that time.
While the IRS has said it will begin accepting tax returns on the 28, that doesn’t mean taxpayers will get their refunds on time. Much of the IRS staff will not be working during the shutdown. An IRS spokesperson would not say how long the delay would need to last for tax refunds to be delayed.
However, for the millions of taxpayers that file early, a delay is very likely. But that doesn’t mean you should wait to file. Even if you choose to wait, it’s still a good idea to get everything ready to file your return. If refunds do take longer to be processed, by filing early, your refund will be one of the first ones processed when the IRS does start issuing refunds.
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Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com. GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.
Alan L. Olsen, CPA, Wikipedia Bio
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The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.
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Introduction (teaching business success at Barr Business School) In this interview, Alan Olsen, CPA, MBA discusses teaching business success with Dr. Frumi Rachel Barr. Dr. Frumi Rachel Barr is the Founder and Chief Mentor at the Barr Business School. Transcript: Alan Olsen Hi, this is Alan Olsen and welcome to American Dreams. My guest today is…
Introduction (one innovative approach to treat congenital heart disease ) In this interview, Alan Olsen, CPA, MBA discusses how regenerative medicine can fight congenital heart disease with featured guest Dr. Timothy Nelson, MD, PhD. Dr. Nelson is a general internal medicine practitioner, with a specialty interest in regenerative medicine and the director of the Todd…
Learn how to build and preserve legacy wealth for generations, the American Dreams Impact Legacy Conference! Tuesday, September 19th at 10 AM PST, Don’t miss this online event! Click this link to register for the webinar. 50% discount with the code “DREAM50“ Learn the importance of crafting your family’s legacy with intent, rather than leaving…
Introduction In this interview, Alan Olsen, CPA, MBA discusses building financial peace with Mike Bennett. Mike is the Managing Partner of Crewe Capital. Transcript: Alan Olsen Hi, this is Alan Olsen and welcome to American Dreams. My guest today is Michael Bennett. Mike, welcome to the show. Mike Bennett Thanks for having me on. Alan…