×
more info Menu

IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance program

Because of the COVID-19, the IRS announced a series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions.

“The new IRS People First Initiative provides immediate relief to help people facing uncertainty over taxes,” said IRS Commissioner Chuck Rettig and added “We are temporarily adjusting our processes to help people and businesses during these uncertain times. We are facing this together, and we want to be part of the solution to improve the lives of all people in our country.”

These new changes include issues ranging from postponing certain payments related to Installment Agreements and Offers in Compromise to collection and limiting certain enforcement actions.

For instance, for taxpayers under an existing Installment Agreement, payments due between April 1 and July 15, 2020 are suspended.

Original Story at IRS website.

From → Uncategorized