The IRS just released IRS News Release IR-2020-59 to unveil the People First Initiative.
It provides relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions.
The Initiative includes relief until July 15 on issues such as:
. Postponing certain payments related to Installment Agreements.
. Postponing certain payments related to Offers in Compromises.
. Collection efforts.
. Certain enforcement actions.
. In-Person contacts.
Related Links:
This is general information and should not be relied upon to evaluate or prepare you tax return or make any business decisions. Instead, please use the above information as a resource to help you discuss your business and tax picture with your professional tax adviser and other professional advisers.
(c) 2020 Simoncpa, PC
