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Archives for October 2013

How the Government Shutdown Affects Taxpayers and Tax Practitioners

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The failure of Congress to agree on a continuing spending resolution on Monday led to the first federal government shutdown since 1995–1996. The shutdown involves a large number of federal government functions, including many affecting taxpayers and tax practitioners.

According to the Journal of Accountancy, for starters, the shutdown brings a stop to all IRS taxpayer services, such as responding to taxpayer inquiries. During the shutdown, all IRS audits and examinations will stop. All non-automated collection activity will also stop. To find out more and how the shutdown affects you, click HERE.

 

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