For some taxpayers, the recent federal government shutdown hasn’t
delayed tax refunds
VIRGINIA BEACH, Va.--(BUSINESS WIRE)--Feb. 5, 2019--
Liberty Tax, Inc. (OTC PINK:TAXA) said today that taxpayers already have
begun to receive their federal income tax refunds for the 2018 tax year.
While the recent partial federal government shutdown had created concern
that refunds might be delayed, some taxpayers who are eligible for early
refunds have received their money.
“We are delighted that taxpayers already are getting these funds because
we know how important this infusion of cash is and how much families
depend on it,” Liberty Tax CEO Nicole Ossenfort said.
The IRS says most taxpayers can expect tax refunds to be issued in less
than 21 calendar days after filing. Last tax season, the IRS had
processed nearly 18 million tax returns and disbursed $12.56 billion in
tax refunds by February 2. The average refund was about $2,000. The IRS
has not yet released statistics for this year’s filing season.
The tax refund may be the best reason for taxpayers to file early – but
early filing can also help reduce a taxpayer’s chance of becoming a
victim of tax fraud or identity theft. And, with tax reform bringing the
biggest change in more than 30 years, the tax professionals at Liberty
Tax can help taxpayers understand how the new laws affect them and their
refund. Taxpayers may also have to contend with another government
shutdown if Congress and President Trump fail to reach agreement on a
budget deal by February 15.
“There are many good reasons for taxpayers to visit a local Liberty Tax
office and file their taxes sooner rather than later,” Ossenfort said.
“Even if we face another government shutdown, Liberty Tax has products
that can help taxpayers access money sooner.”
Liberty Tax offices across the U.S. provide accurate tax preparation
with a guarantee to get taxpayers the biggest refund they are entitled
to receive. The Company recently announced a program
to help federal government employees affected by the furlough get
quicker access to money. That program remains available until February
About Liberty Tax, Inc.
Founded in 1997, Liberty Tax, Inc. (OTC PINK: TAXA) is the parent
company of Liberty Tax Service. Last year in the U.S. and Canada,
Liberty Tax prepared approximately two million individual income tax
returns in more than 3,500 offices and online. Liberty Tax's online
services are available through Liberty
Tax Online, eSmart
Tax, and DIY
Tax and are all backed by the tax professionals at Liberty Tax
locations and its nationwide network of seasonal tax preparers. Liberty
Tax supports local communities through fundraising and contributes as a
national sponsor to many charitable causes. For more information, visit
Tax website and follow Liberty Tax on Twitter
View source version on businesswire.com: https://www.businesswire.com/news/home/20190205005271/en/
Source: Liberty Tax, Inc.
Director of Customer Experience