By Daniel Hood
Published January 07 2019, 7∶52pm EST
© Accounting Today

While the ongoing government shutdown had some concerned about a possible delayed start to tax season, the Internal Revenue Service confirmed Monday that it would begin processing tax returns on Jan. 28 – and issuing refunds on a regular schedule.

“We are committed to ensuring that taxpayers receive their refunds notwithstanding the government shutdown. I appreciate the hard work of the employees and their commitment to the taxpayers during this period,” said IRS Commissioner Chuck Rettig in a statement.

The IRS reminds holiday shoppers to protect their tax and financial data from identity thieves. All it takes is a few extra steps to prevent cybercriminals from stealing sensitive data, such as financial account information, Social Security numbers, and credit card information. Thieves could use this data to file a fraudulent tax return in 2019.

This tip is part of National Tax Security Awareness Week. The IRS is partnering with state tax agencies and its partners in the Security Summit to remind to taxpayers and tax professionals about the importance of protecting data.

As you close in on the time to file your 2013 Tax Returns, here are some things to remember. You can certainly cut your tax bill by claiming all the breaks you deserve—including some you may have forgotten or never even knew about. Some of these, as you have probably heard in the news, expired … only to be reinstated by Congress.

Beach and other vacation condominium units have experienced unprecedented devaluations. This offers what may be some super bargains. However, don't fall into the assessment trap.

Compare today''s commercial real estate market to that of the 1980s. Aggressive lending in the early 80's led to overbuilding. A conglomeration of circumstances (the largest being the 1986 tax act) led to a collapse in the commercial real estate market - a collapse that lasted over TEN YEARS! There are numerous comparisons to the current market. The short story is this: Overlending, overbuilding, soft economy, tight credit, uncertain tax future have all conspired to drive the commercial real estate market into a near collapse.