The IRS’s “People First Initiative” was set up to give taxpayers relief during the novel coronavirus (COVID-19) crisis. The relief (much of it previously announced) covers a variety of issues from easing payment guidelines to delaying compliance actions. It also involves extending many filing and payment deadlines to July 15. For example, you may delay your payments in an existing installment agreement with the IRS to July 15. The extension also applies to pending application and existing payment dates in the IRS’s “Offer in Compromise” program, which allows taxpayers to settle their tax debts for less than the full amount owed. Read about the relief: https://bit.ly/2LncsIp Call or visit our website for more information! www.mjscpa.com/
