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.
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.
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