Budget cuts will force the IRS to shutter its operations nationwide for 5 days between May and August.
Those are the 5 days that the IRS will close its offices, hotlines and assistance centers nationwide due to the forced budget cuts that went into effect in March, the agency said Wednesday. It will also close its Taxpayer Advocate Service on those dates.
All IRS workers will be furloughed without pay on those days. And the agency said it may announce another one or two furlough days at a later date.
Here's what the closures will mean for tax filers trying to file, settle up or otherwise inquire about their tax situation:
The budget cuts have already affected IRS operations in other ways. For instance, the poor and elderly seeking free tax preparation advice have been facing longer lines, those calling IRS help lines face lengthier wait times and there have been delays in tax refunds for identify theft victims.
On the bright side for tax filers, the IRS won't be starting as many new audits as it otherwise might.
|2 million Facebook, Gmail and Twitter passwords stolen in massive hack|
|Ron Paul: Bitcoin could 'destroy the dollar'|
|Pentagon to cut jobs, contracts by $1 billion|
|Average student loan debt: $29,400|
|Home sales surge 25% in October|
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.43%||4.33%|
|15 yr fixed||3.46%||3.36%|
|30 yr refi||4.42%||4.32%|
|15 yr refi||3.46%||3.35%|
Today's featured rates: