Americans may get their refunds during the shutdown, but the upcoming tax filing season is likely to be one of the rockiest in decades as the Internal Revenue Service grapples with a major tax overhaul with limited staff.
The agency is rushing to update its systems following the biggest change to the tax code in three decades -- while a government shutdown has kept seven in eight IRS employees away from work for the past 25 days. The 2017 tax overhaul affects virtually every tax return that will be filed after the season begins on Jan. 28.
For individuals, the ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.