On this episode of the Planned Solutions Financial Review Podcast we discuss, a clear theme has already emerged as the key risk that threatens to define the year when it comes to the economic data and the markets: Political risk in the US and abroad.

And, Due to the current government shutdown the IRS

has announced that there may be delays in processing income tax refunds. Therefore, to be safe, taxpayers should expect their refunds to come later this year. While there may be delays in processing income tax refunds the IRS will continue to process tax payments and estimated tax payments without delay. What do you need to know?

Also,The government shutdown is impacting a large number of

economic data reports. Under the current shutdown the Bureau

of Economic Analysis, the government agency tasked with

tracking US economics growth as well as a number of other key

statistics, will not be reported. Fortunately, some of the other

agencies that provide key economic data, such as the Bureau of Labor Statistics, remain open and will continue to report data during the shutdown.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Chase gave a presentation to the Financial Planning Association of Northern California on the current state of the global economy. The presentation focused on the conflicting economic data

that has been reported recently increasing the fears of a recession in late 2019 or early 2020. And Daryl and Joel attended a two day annual tax update seminar in preparation for the upcoming tax

season.

To subscribe to the written form of all the content we discuss email [email protected]