IRS Launches the "People First Initiative"
Suspension of Installment Payments during COVID-19
The Commissioner of the Internal Revenue Service announced recently that the IRS would suspend most enforced collection activity during the Coronavirus pandemic.
“In addition to extending tax deadlines and working on new legislation, the IRS is pursuing unprecedented actions to ease the burden on people facing tax issues.”
– IRS Commissioner Charles Rettig (March 25, 2020)
What we know so far
Relaxed Enforcement to Help Taxpayers
The IRS is stopping most new enforcement activity and giving a break to taxpayers who are currently in an installment agreement. As with most IRS programs, the devil is in the details. We will share more information as the IRS releases it.