Krakower Accounting & Other Services, LLC

10/13/2025

A few administrative things:

I finally have a Google Business Profile. Any reviews would be much appreciated! https://share.google/M52u6hlrWenB6svGf

I have new online scheduler as I have switched to Google Appointments. It is updated through the end of the year and the can be found here: https://calendar.app.google/VxiAjpfvDXbApof7A

Learn how Google Calendar helps you stay on top of your plans - at home, at work and everywhere in between.

10/11/2025

Update on IRS status during the lockdown. Key points: they are still processing returns and payments but not processing refunds nor providing much if any customer service.

🚨 IRS Operations Update: Government Shutdown in Effect (as of October 8, 2025) 🚨

The federal government is currently experiencing a shutdown, and the IRS is operating under its official Contingency Lapse Plan. Here’s what this means for you:

What’s Still Operating: ✅ Processing of tax returns with payments (to protect government revenue) ✅ Electronic filing (e-file) is open for individuals and businesses ✅ Disaster relief transcripts and expedited transcripts for disaster victims (e.g., for SBA loans) ✅ Criminal investigations and law enforcement activities ✅ Activities to protect the government’s interest (statute expirations, bankruptcy, liens, seizures) ✅ Maintenance of IRS computer systems and security of taxpayer data ✅ Processing of mail containing payments ✅ Some contract work and essential building maintenance

What’s Limited or Suspended: 🚫 Most taxpayer assistance (phone support, walk-in centers) is unavailable 🚫 Paper returns without payments will NOT be processed until the shutdown ends 🚫 Refunds for returns filed without payment will be delayed 🚫 Most tax transcripts (unless for disaster relief) are not being processed 🚫 Most non-automated collection activities are paused 🚫 Most legal, planning, research, and administrative functions are suspended

Important Reminders: 🗓 Filing and payment deadlines remain in effect—there are NO automatic extensions due to the shutdown. 💻 File and pay electronically if possible to avoid delays. 💸 Payments are still due on time—penalties and interest may apply if you miss a deadline. 🌪 If you’re in a federally declared disaster area, check IRS.gov for any special relief.

What You Should Do:

Continue to file and pay taxes as usual, especially if you owe.
Use IRS.gov for forms, publications, and updates.
Expect delays in processing of paper returns, refunds, and correspondence.
No live phone or in-person assistance is available during the shutdown.

For Businesses & Disaster Victims:

Payroll tax deposits and business tax payments must still be made on time.
Expedited transcript services for disaster relief are still available.

We’re monitoring the situation and will keep you updated. If you have urgent tax questions, please reach out to us for guidance!

Stay tuned for more updates, and thank you for your patience during this time.

Send a message to learn more

10/03/2025

I haven't posted on here in awhile but this is important!

The federal government is currently experiencing a shutdown, which is having a significant impact on IRS operations. During a shutdown, the IRS operates with a greatly reduced workforce—historically, only about a third to half of employees are retained, with more staff considered essential during the tax filing season. This means that many IRS services, including processing of paper returns, responding to taxpayer inquiries, and other non-essential functions, are delayed or suspended.

Importantly, a government shutdown does not automatically extend tax filing deadlines or payment due dates. Taxpayers are still required to meet all regular deadlines for filing returns and making payments, unless the IRS issues specific guidance providing relief (such as in the case of a federally declared disaster or other emergency). If you have an extension deadline approaching, you must file and pay by that date to avoid penalties and interest, even if IRS operations are limited. Electronic filing remains available, and the IRS encourages taxpayers to use online tools and resources during the shutdown.

If you are affected by a disaster and the IRS has issued a postponement under section 7508A, those specific relief provisions still apply. However, a government shutdown by itself does not trigger an extension of tax deadlines. Stay tuned for updates from the IRS in case additional relief is announced. In the meantime, plan to meet all tax obligations as scheduled.