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Goverment Shut Down

rcooley25
Level 11

Does anyone haVE ANY THOUGHTS TO SHARE regarding how the Government shutdown will effect the 2026 income tax season? The last time something like this hapen when I was in business the IRS would not accept any tax returns untill after the 15th of February and boy did they take a long time processing the tax retturns. If my memory is correct they extended the tax season untill the 15th of June.

6 Comments 6
IRonMaN
Level 15

"Does anyone haVE ANY THOUGHTS TO SHARE regarding how the Government shutdown will effect the 2026 income tax season?"

A lot of preparers are going to call it quits and start calling Fireball their best friend.


Slava Ukraini!
Just-Lisa-Now-
Level 15
Level 15

Plenty of federal shutdowns over the past few decades, its always been business as usual for tax professionals, nothing different we need to do.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
BobKamman
Level 15

No, they did not extend the deadline for 2018 returns.  The following year, they extended the deadline to July 15 because of Covid.  

The IRS began accepting electronically filed individual tax returns for the 2018 tax year on January 28, 2019. This marked the official start of the 2019 tax filing season.

How much worse could the next filing season be, considering all the cuts made to IRS already this year?  I don't think the shutdown will make much difference.  Fewer people means fewer auditors and fewer CP-2000s.  Less revenue, sure, but deficits and dollar devaluation are always good for the economy and there's always an election coming up. 

I found it interesting that IRS is reminding its furloughed employees:

 "As a reminder, the Employee Assistance Program is available for all IRS employees and their immediate family members at any time, day or night, by calling 800-977-xxxx (TDD: 800-697-xxxx). This no-cost counseling service could help address stress and other issues you and your family may face. Visit GuidanceResources.com to register for an account to help you improve your work-life balance. Get access to counseling, coaching, health and wellness, financial, legal and other work-life resources. Use organization web ID: IRS112. You can also download the app at GuidanceResources® Now."

George4Tacks
Level 15

Traffic control may be of more concern. I may not be able to fly to Tahiti as planned after the 15th.  I guess it Fireball highballs in the back yard. 


Answers are easy. Questions are hard!
BobKamman
Level 15

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sjrcpa
Level 15

@George4Tacks Air Traffic Controllers are supposed to be working, without pay. But there has been a rash of them calling in sick.

I'm not sure about TSA. I flew during the 2018-2019 gov't shut down and they were working. I thanked every one of them I came in contact with.

I hope you can take your trip.

 


The more I know the more I don’t know.