Friday, April 22, 2011

Government shutdown does not matter concerning Internal Revenue Service deadline

The IRS deadline for filing income taxes is still in impact, even if the federal spending budget brouhaha outcomes in a government shutdown. It was extended this year due to a city holiday in Washington D.C. That said, it is still April 18 If a shutdown occurs, refund checks will be postponed. Resource for this article – Government shutdown does not postpone IRS deadline by MoneyBlogNewz.

How the Internal Revenue Service employees are affected

In the event of a government shutdown, there can be a few agencies that are unaffected in their operations. Unfortunately, the Internal Revenue Service would shut down. That means as long as there is a shutdown, all IRS agents would be required to stay home. Bloomberg states that our tax returns have to be filed nevertheless. On April 8, the government shutdown will occur, unless a deal is made.

Electronic filing will help a lot

None of the paper returns can be received by the IRS if there’s a shut down. That means paper returns will not be sent back either, so no refunds. Taxpayers are asked to file electronically to keep away from normal processing.

How government workers could be affected

It is contended that the shutdown is going to occur because Congressional Republicans insist on defunding Planned Parenthood because the organization provides abortions. Members of Congress, according to CNN, and the president, will still get their salaries automatically. The government employees are the ones that would be most impacted. Any “unnecessary personnel” or those that are not necessary to protect the states, will not have work anymore. The Federal Bureau of Investigation and the military will continue to work. These employees are required to work for free during this time. There is no guarantee they’ll get back pay.

Articles cited

Bloomberg

bloomberg.com/news/2011-04-07/shutdown-won-t-budge-april-18-tax-filing-deadline-irs-says.html

Times

curiouscapitalist.blogs.time.com/2011/04/08/tax-refund-fears-would-a-government-shutdown-hurt-spending/

CNN

money.cnn.com/2011/04/08/news/economy/shutdown_congress_pay/index.htm



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