2019 Tax Season May Be Delayed
As the year winds down to its final months, everyone is still grasping for an understanding on how the Tax Cuts and Jobs Act (TCJA) is going to affect them. With the new filing season just around the corner, something probably not on people's radar is the filing season being delayed. But that is the warning being issued by the Treasury Inspector General for Tax Administration (TIGTA) at this late stage of 2018. TIGTA says the IRS is facing multiple issues in preparing for the 2019 filing season mostly stemming from the TCJA changes. These issues include the tax forms being completely reformed, the changes to the tax code itself, lack of staff to implement the changes in the IRS IT environment and the additional money it takes to make the changes in addition to the annual updates that are required. We will keep you updated on the timing of the 2019 filing season but be aware that at this point it is not smooth sailing.
J. Alan Hayes