Tuesday Tax Tip

People First Initiative: Installment Agreements (Part II)

Topic: People First Initiative: Installment Agreements (Part II) For taxpayers under an existing Installment Agreement, payments due between April 1 and July 15, 2020 are suspended. Taxpayers who are currently unable to comply with the terms of an Installment Payment Agreement, including a Direct Debit Installment Agreement, may suspend payments during this period if they […]
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People First Initiative: Installment Agreements (Part I)

Topic: People First Initiative: Installment Agreements (Part I) For taxpayers under an existing Installment Agreement, payments due between April 1 and July 15, 2020 are suspended. Taxpayers who are currently unable to comply with the terms of an Installment Payment Agreement, including a Direct Debit Installment Agreement, may suspend payments during this period if they […]
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People First Initiative: Liens and Levies (Part II)

Topic: People First Initiative: Liens and Levies (Part II) Q. What should a taxpayer do if they need a lien release, certificate of discharge, or have another lien issue? A: The IRS is processing all electronically submitted lien certificate applications normally and assigning them within 10 days. To protect the health and safety of IRS […]
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People First Initiative: Liens and Levies (Part I)

Topic: People First Initiative: Liens and Levies (Part I) Q. Will levies and wage garnishments remain in place or will these be paused from 4/1 to 7/15? Can the taxpayer request a pause? If so, how? A. Levies will not be automatically released. IRS will consider taxpayers’ requests to release levies on a case by […]
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People First Initiative (Part III)

Topic: People First Initiative (Part III) Due to COVID-19, the IRS’ People First Initiative provides relief to taxpayers on a variety of issues from easing payment guidelines to delaying compliance actions. This relief is effective through the filing and payment deadline, Wednesday, July 15, 2020. · Automated liens and levies – IRS delayed issuing new […]
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People First Initiative (Part II)

Topic: People First Initiative (Part II) Due to COVID-19, the IRS’ People First Initiative provides relief to taxpayers on a variety of issues from easing payment guidelines to delaying compliance actions. This relief is effective through the filing and payment deadline, Wednesday, July 15, 2020. · Delinquent return filings – The IRS will not default […]
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