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Video instructions and help with filling out and completing Government shutdown irs payment plan

Instructions and Help about Government shutdown irs payment plan

All right welcome back to Velshi rule the 2022 tax season kicks off in just ten days and despite the ongoing shutdown the Trump administration seems to think the IRS will be able to process all of America's tax returns as usual here's the problem the Treasury Department has recalled recalled about 46,000 federal workers at the IRS that's a little more than half of the 80,000 total employees there and you know they're strapped to begin with we talked about this last year they don't have enough staplers pens and paper with the IRS functioning at half staff and the majority of those employees working without pay are American taxpayers I'm going to have to wait for their reason and I got to think there are over 800,000 people who will want to file their taxes yet earlier than usual because they're not being paid by the government so they would like that tax return quickly joining us now Tony Reardon National President of the National Treasury Employees Union whose organization is suing the federal government for requiring employees to work without pay during the shutdown Tony thank you for being here during last year's tax season the IRS had received roughly 18 million returns and processed a little more than six million refunds by February the second this year they're understaffed try to accomplish not only the same mission I think the mission might be actually higher because of all these people who are going without money talk to me about what this means well let me first just say in addition to the IRS staff who are who have been called back to work there are 800,000 federal employees who are suffering suffering and I have to tell you it is incredible stunning candidly to me that in the United States of America we actually have a government that will not pay its employees on time now in terms of these IRS employees yes they have been called back and I think there is a more than a fair amount of concern on taxpayers part that they may not get their tax refunds on time see I think we have to remember that you even in advance of the shutdown going back to 2022 the IRS had lost since 2022 the IRS had lost 23,000 employees so then we move along to tax reform and it's the biggest tax reform that we've seen in the last 30 years in this country and candidly the IRS wasn't ready for that lack of funding lack of personnel and then we come to a shutdown now what was what was supposed to happen of course in advance for the shutdown and through where we've been in the shutdown is training for IRS employees so that they are ready to deal with the millions of calls that are gonna in invariably come in right and and and they're not going to have the training they're not the training I've heard.


What IRS form do you fill out for multi-year disability payments?
If your only source of income is SSDI, then you need not file with IRS. A small amount of money from interest on bank accounts will not change that situation. However if you have other substantial sources of income, then you may have to file, using the ordinary 1040 forms. For example, if you owned a two-flat, living in one unit and renting out the other one, you have the rental income and will need to file with IRS. If you are married and your spouse has income, then you jointly (unless a tax advisor suggests otherwise), indicating your SSDI income.I suggest working with a CPA to learn what applies to your particular situation, especially if your disability income comes from a different source than Social Security, or the amount is higher than what Social Security might pay.
Does the IRS shut down when there's a government shutdown?
The IRS is mostly shutdown except for the people working on getting ready for the next filing season and those who are getting the tax payments and depositing them. The Customer Service people are not answering phones, no refunds are being sent, most of the mail is not being opened unless it is payments,etc. The auditors are not auditing right now - that does not upset any of us.
How will Trump’s Christmas 2022 government shutdown personally affect you and your family?
I’ll start missing paychecks beginning with the January 15th one. We aren’t in too bad of shape because we have an emergency fund, thanks Dave Ramsey, and my wife works as a teacher. We have already started cutting back on some non routine expenses like eating out and entertainment in case the shutdown lasts for a while.Regarding my job as a Coast Guard pilot the shutdown has actually caused me to do more work than I would normally do as those things we had planned on doing must now be heavily vetted so that we are only doing things that are mission essential. Once normal spending is restored we will be playing catch up to make up all the non-essential things we missed.Statements that the shutdown might last for years make me nervous since we will only be able to go without my paycheck for a couple of months and since I’m still working it’s not like I can get another job.On a side note the absurdity of the whole with is frustrating:The country will be fine with or without a wall.$5 billion USD is chump change compared to the entire federal budget. Back in 2022 we passed a stimulus package that was in the $700 billion range. We routinely spend more on weapons systems the military doesn’t even ask for.What’s more absurd than the situation are those people on social media that are all in on one side or the other of the debate. There is nuance to both sides.The main job of Congress is to pass a budget. We have been doing continuing resolutions almost non-stop since 2022. This really hurts our ability to plan long term. It would be great if all of Congress got fired in the event they can’t agree on a budget prior to a FY starting.
How do I fill taxes online?
you can file taxes online by using different online platforms. by using this online platform you can easily submit the income tax returns, optimize your taxes easily.Tachotax provides the most secure, easy and fast way of tax filing.
How do I fill out the income tax for online job payment? Are there any special forms to fill it?
I am answering to your question with the UNDERSTANDING that you are liableas per Income Tax Act 1961 of Republic of IndiaIf you have online source of Income as per agreement as an employer -employee, It will be treated SALARY income and you will file ITR 1 for FY 2017–18If you are rendering professional services outside India with an agreement as professional, in that case you need to prepare Financial Statements ie. Profit and loss Account and Balance sheet for FY 2017–18 , finalize your income and pay taxes accordingly, You will file ITR -3 for FY 2017–1831st Dec.2022 is last due date with minimum penalty, grab that opportunity and file income tax return as earliest
How many people won't be able to pay their mortgage or rent payment because the Trump government shutdown?
Not sure how many people will not be able to make the payments due to the Pelosi shutdown !But that might open up another foreclosure market for Elizabeth Warren to buy into. In the last big foreclosure run - she and her banker husband got preferred interest loans(low interest rate) and bought then flipped(resold) foreclosed homes for great profits. She liked it so much - she lent money to her friends and family members (at a higher interest rate) and they too bought and flipped foreclosed homes.Strange how some people crying for others actually profit off their misery !
Do you support Trump’s plan to end the government shutdown?
No. He threw out a bipartisan bill for government funding and won’t even consider any others that don’t include funding for his asinine wall. He threw a tantrum like a petulant child and now he’s trying to smooth things over by offering things that should have been in place anyway (extending DACA and TPS protection). Not getting what he wants is new to him and he isn’t handling it well.
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