USA Today reports that the government shutdown that ran from October 1 – October 17, 2013 will delay Internal Revenue Processing of federal tax returns by as much as two weeks. The IRS would typically begin processing refunds for early filers on January 21, but time lost during the shutdown means they’ll need up to two additional weeks in January to program and test tax-processing systems. This means the earliest refunds may be delayed until February 4.
While your personal tax refund may be coming later, Bullock, Garner, & Leslie clients, like all taxpayers, must still file federal tax returns by the April 15 deadline. Business owners must still report W2 information to employees by January 31. Further delays may be enacted if budget fighting in January results in another government shutdown.
Bullock, Garner, & Leslie is your Melbourne CPA firm equipped to handle the changing tax landscape and the looming delays. During the government shutdown, we maintained productivity so that our clients are right on track for simple 2013 federal filing. Despite setbacks at the IRS, we’re here to help you with your business and personal income tax needs!