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20
Nov
When the federal government shut down Oct. 1, the IRS was among the agencies forced to substantially reduce or halt most operations. While the short-term disruption captured headlines, the true cost will reveal itself after the government fully reopens.
For businesses and tax professionals, the shutdown triggered long-lasting operational and compliance challenges. Two of the most significant consequences are administrative backlogs and regulatory uncertainty, both of which are likely to persist in the months ahead.
Administrative Backlogs
Each day the IRS was...