100+ Years of Combined Tax Resolution Experience.
The Federal government is shut down, and polls show that most Americans are disgusted with Washington DC in general. But one possible silver lining for many taxpayers was “at least the IRS is closed down!” Unfortunately, while it is true that many IRS employees are staying home during the shutdown, key deadlines remain unchanged. Taxes are still due, and to make matters worse, IRS agents aren’t available to offer support or provide key information.
The Federal government is shut down, and polls show that most Americans are disgusted with Washington DC in general. But one possible silver lining for many taxpayers was “at least the IRS is closed down!” Unfortunately, while it is true that many IRS employees are staying home during the shutdown, key deadlines remain unchanged. Taxes are still due, and to make matters worse, IRS agents aren’t available to offer support or provide key information.
As the San Diego Union-Tribune reports:
If you’re current on your taxes, you probably won’t shed a tear over the closing of the Internal Revenue Service, one of the many federal agencies shutdown during the ongoing budget stalemate on Capitol Hill.
But for the millions who want to beat the extended Oct. 15 filing deadline, or obtain official copies of their tax returns for student aid applications or perhaps remove a tax lien from their house, the closing of the IRS could make life more complicated.
And possibly more expensive, too.
Tuesday is the last day the IRS will accept tax returns, without a steep penalty, from the 12 million people who requested a six-month extension this spring. While the agency has closed its offices, including those in downtown San Diego and San Marcos, it is still receiving returns online and by mail.
There’s been no change to the Oct. 15 deadline due to the federal stoppage.
So while some taxpayers may take solace in the fact that the IRS is shut down along with much of the Federal government, the reality is that taxes are still due, liens are still in place, and penalties and interest continue to accrue. In fact, the only changes most taxpayers will experience are negative—delayed processing times and a lack of support to answer key questions.
The good news is that if you’re facing an IRS dispute, we can help. The shutdown may not keep the IRS from harassing you… but our team of tax attorneys can! We will take on the IRS on your behalf, so that you can focus on enjoying your life. Please contact us today to learn more!
We’re in an era in which more small businesses are launching like wildfire. Many people find starting a small business of their own as easy as a piece of cake. However, most of the time, what they fail to prioritize are some of the major players involved in smoothly operating their small business. A...
Do you know why most married taxpayers go for filing joint tax returns? It’s actually because of the benefits that it offers. But with joint tax returns, both the filers hold the responsibility for the tax bill or any penalties and interest that arise from it. Both are legally responsible for the entire liability, even...
What if you owe so much in taxes that you can’t see your way out of it? If you owe back taxes, you might not think there is a way you can ever pay things off. And the more those back taxes have accumulated, the deeper the hole. But that doesn’t mean you can’t dig...
Tax Audits are one of the most terrifying things a taxpayer can endure. Most taxpayers don’t know what being audited by the IRS entails and usually don’t know what to do if they are audited. IRS audits can be confusing to most taxpayers as most don’t know what the IRS is looking for when they...
Receiving a letter from the IRS can be intimidating, especially if you’re unsure what the notice is for or what to do next. Fortunately, many notices are nothing to worry about and are purely informative. Below, we look at everything you need to do — and what not to do — after getting a notice from the...
The Internal Revenue Service (IRS) is increasing audits on cannabis businesses — the agency is on a mission to ensure that cannabis businesses adhere to the tax code. Unfortunately, cannabis companies must comply with more strict tax laws than other businesses and can claim fewer deductions. Most business owners don’t realize this or aren’t able to meet the reporting responsibilities on their own. If you own a business in...