On March 25, 2020, the Internal Revenue Service (IRS) announced a new People First Initiative designed to provide relief to taxpayers on a variety of issues ranging from easing payment guidelines to postponing compliance actions in light of the challenges caused by the Coronavirus (COVID-19) pandemic. The initiative’s projected start date is April 1, 2020, and it is planned to continue through at least July 15, 2020. During this period, the IRS will avoid in-person contacts as much as possible while focusing on taking the steps necessary to protect all applicable statutes of limitation.
IRS to Temporarily Adjust Operations and Key Compliance Functions
By McDermott Will & Emery and McDermott Will & Emery on March 26, 2020
Posted In IRS Guidance, Tax Refunds, Uncategorized