The IRS’s Small Business/Self-Employed (SB/SE) division has announced that it’s suspending some collection activities from March 30 through July 15 to provide relief to employers affected by the coronavirus (COVID-19). According to the IRS, its SB/SE employees should suspend most collection activities unless there’s a risk of permanent loss to the government due to the expiration of a statute or other “exigent circumstance,” or the taxpayer has agreed to a collection action. An exigent circumstance involves the loss of opportunity for the government to collect taxes due, such as the expiration of the statute of limitations. Call or visit our website for more information! www.mjscpa.com/
