Tax Tip Tuesday: Despite Government Shutdown, the IRS Will Begin Processing Tax Returns
The Internal Revenue Service (IRS) has announced that, despite the government shutdown, it will begin to process tax returns beginning January 28, 2019 and provide refunds to taxpayers as scheduled. The IRS also reminded us that the earliest refunds will be available for returns containing either the earned income tax credit (EITC) or the additional child tax credit (ACTC) will be February 27, 2019. This applies to the entire refund--even the portion not associated with the
Tax Tip Tuesday: The Government Shut Down & Iowa Individual Tax Returns
Normally I would be telling you now when the IRS will begin accepting tax returns. However, this year is not normal. Part of the government shutdown includes parts of the IRS (except the part that collects any tax due). We will let you know when we hear more on this. This week we are also looking at some changes as they apply to Iowa individual tax returns. On December 22, 2017, the Tax Cuts and Jobs Act (TCJA) was passed and signed by the president. This law made numerous
