Insight

Federal Government Shutdown Creates Tax Filing Uncertainty

Despite the government shutdown the IRS has announced they will begin to process tax returns beginning January 28,2019 and provide refunds to taxpayers as scheduled. Currently, the IRS is working with a reduced staff but has recently communicated that they will be recalling a significant portion of its workforce. Taxpayers and tax professionals will be facing reduced services, such as certain transcript requests and general telephone assistance.

The 2018 tax year is the first year impacted by the Tax Cuts and Jobs Act, which is the most significant change to the income tax code in thirty years. The new law not only changed a large amount of tax forms but also introduced new concepts and computations.

Despite the shutdown tax deadlines remain unchanged. Fourth quarter estimated taxes are still due on January 15, 2019. The filing deadline to submit 2018 tax returns is Monday, April 15, 2019.

We will continue to prepare income tax returns as normal with the anticipation of releasing returns for e-filing as soon as possible.  If you have any questions, please feel free to contact us.

Related Insights

How will the changes to the SALT deduction affect your tax planning? | tax preparation bel air | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

How will the changes to the SALT deduction affect your tax planning?

The One Big Beautiful Bill Act (OBBBA) shifts the landscape for federal income tax deductions for state and local taxes (SALT), albeit temporarily.…
Is college financial aid taxable? A crash course for families | tax preparation in bel air md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Is college financial aid taxable? A crash course for families

College can be expensive. According to the College Board, the average sticker price for tuition and fees at private colleges was $43,350 for…
Trimming your nonprofit’s meeting and fundraiser budgets | accounting firm in harford county md | Weyrich, Cronin & Sorra

Non-Profits

Trimming your nonprofit’s meeting and fundraiser budgets

Whether you’re planning an off-site retreat for board members, a luncheon for potential corporate funders or a formal fundraiser, you likely…

Connect with us

Use the form below to send us an email. WCS responds directly to all inquiries and general questions within 24 hours of posting.

This contact form is deactivated because you refused to accept Google reCaptcha service which is necessary to validate any messages sent by the form.