IRS Unveils People First Initiative

In an unprecedented move, the IRS announced today that it would be “temporarily adjusting our processes to help people and businesses during these uncertain times.” 

Among the highlights: 

  1. For taxpayers with existing installment agreements, payments due between April 1 and July 15 are suspended.  The IRS will not default any Installment Agreements during this period.  Interest will continue to accrue. 

  1. Liens and levies initiated by field revenue officers will be suspended during this period. 

  1. Automated liens and levies will be suspended during this period. 

  1. New delinquent accounts will not be forwarded to private collection agencies during this period. 

  1. In general, the IRS will not start any new field, office or correspondence examinations during this period (with some exceptions). 

To read the full announcement, click here. 

This announcement does not affect the requirement to file your 2019 tax return by July 15, 2020.  If you have other unfiled tax years, you must still file returns.  Once your delinquent returns have been filed, you may apply for an installment agreement for any balance owed.  Give us a call so we can help you get caught up and stay compliant. 

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