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IRS Is Limiting Certain Enforcement Actions

2018 form

In a surprising turn of events, IRS is limiting certain enforcement actions. To read the entire article visit IRS.gov

“The new IRS People First Initiative provides immediate relief to help people facing uncertainty over taxes,” Rettig added “We are temporarily adjusting our processes to help people and businesses during these uncertain times. We are facing this together, and we want to be part of the solution to improve the lives of all people in our country.”

Existing Installment Agreements are suspended until July 15th. By law, interest will continue to accrue on any unpaid balances.

Offers in Compromise (OIC) – The IRS is taking several steps to assist taxpayers in various stages of the OIC process by essentially pausing all collection efforts until July 15th.

Non-Filers –More than 1m households that haven’t filed tax returns are owed refunds and should contact a tax professional 

Liens, seizures and levies will be suspended during this period. However, field revenue officers will continue to pursue high-income non-filers.

In-Person Meetings – will be suspended. 

Earned Income Tax Credit and Wage Verification Reviews – Taxpayers have until July 15, 2020, to respond to the IRS to verify that they qualify for the Earned Income Tax Credit or to verify their income.

Statute of Limitations – Where a statutory period is not set to expire during 2020, the IRS is unlikely to pursue the foregoing actions until at least July 15, 2020.

“The People First Initiative is designed to help people take care of themselves and is a key part of our ongoing response to the coronavirus effort.” adds Reittig