COVID-19: IRS Announces Further Taxpayer Relief With “People First Initiative”

Latham & Watkins LLP
Contact

News release details operational changes and additional administrative relief for taxpayers facing uncertainty due to COVID-19.

Key Points:

..The IRS is prioritizing taxpayer and IRS personnel safety and security with reasonable, flexible, and evolving operational changes and administrative relief measures.

..Administrative relief measures announced by the IRS will suspend installment payment obligations, lien/levy and other specified collection activities, and the initiation of most new audits through July 15, 2020. These measures supplement certain tax return filing and payment deadline extensions announced in Notice 2020-18, which are described in Client Alert 2641.

..The IRS Examination Division (Exam) and Independent Office of Appeals (Appeals) will not hold in-person meetings, but will continue to work existing cases remotely. Taxpayers should continue to respond to information requests if feasible.

..The IRS will continue to protect statutes of limitation — including by issuing statutory Notices of Deficiency, if necessary.

Please see full publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Latham & Watkins LLP | Attorney Advertising

Written by:

Latham & Watkins LLP
Contact
more
less

Latham & Watkins LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide