Millions of taxpayers expect to be ready in January when tax season opens, but will the Internal Revenue Service (IRS) be ready? With a showdown in Washington over border security, there’s no federal budget in place. That means that funding for many government agencies has run out, resulting in a partial shutdown. Among those affected?…
Millions of taxpayers expect to be ready on January 29 when tax season opens, but will the Internal Revenue Service (IRS) be ready? In anticipation of a federal government shutdown, the IRS has prepared a contingency plan for the filing season.
Are we really headed towards a government shutdown? As Congress and the White House grapple with the next steps, here’s what you need to know.
The lights will stay on in the nation’s capital after all. Today, on the last day that Congress could make a move before the fiscal year end, the Senate and House both voted on a measure to avoid a government shutdown. But don’t get too excited. While the agreement is better than the alternative (no…
It’s Fix The Tax Code Friday! Earlier this week, Forbes contributor Stan Collender boosted his estimate of the chance that there will be a government shutdown from 67% to 75%. Those odds might have gone up even more. Today, Speaker John A. Boehner’s (R-OH) announced that he would step down at the end of October,…
There won’t be a government shutdown after all. Following a great deal of political rancor, the Senate and the House finally resolved their differences over the 2015 budget last night. Three months into the fiscal year, the Senate wrapped a final vote on the appropriations budget at 9:50 p.m., with 56 Senators voting yes, 40…
Within hours of the lifting of the government shutdown, the US Tax Court said it would be open as normal. But with a backlog of cases, how “normal” could that be?
We may have a deal to avoid a government collapse. But what was the fuss all about? And what role did taxes play in all of this? Here are five things you need to know about the role of taxes in the government shutdown…
With the IRS shut down, scammers are taking the opportunity to ramp up operations. Here’s what to be on the lookout for…
For the 12 million or so taxpayers on extension, October 15 is just around the corner. That’s the deadline to file and pay taxes for the tax year 2012 for taxpayers who timely filed for a six month extension in spring. But with the shutdown still on, does the deadline still apply? Is it really business as usual?