The IRS postponed certain compliance actions under a new program entitled “IRS People First Initiative,” effective April 1, and running through July 15 initially, in an effort to help taxpayers facing tax challenges in light of the Coronavirus (COVID-19) pandemic. The changes include issues ranging from postponing certain payments related to Installment Agreements and Offers in Compromise to collection procedures and limiting certain enforcement actions.
The new IRS People First Initiative outlines the IRS’s temporary policies in the following key tax areas:
-Earned Income Tax Credit and Wage Verification Reviews
-Field Collection Actions
-Liens and Levies
-Passport Certifications to the State Department
-Private Debt Collection
-Statute of Limitations
-Practitioner Priority Service
Visit www.irs.gov/coronavirus for more detailed guidance from the IRS.
EXISTING INSTALLMENT AGREEMENT INFORMATION
If you have an existing installment agreement with the IRS, see our TAS Tax Tip for special instructions that you can follow to suspend payments without calling the IRS in certain instances. Please be aware that your financial institution may charge fees for suspending automatic payments, depending on the account policy.