The CARES Act created the Paycheck Protection Program (“PPP”). Under the program, small businesses can take a loan to cover expenses to help get through the COVID-19 pandemic. The funding for the loan quickly ran out leaving many struggling business without the help...
Taking A Cooperative Approach To Your Legal Issues
Month: April 2020
Living in the World of COVID-19: You May Want to Check in with the IRS to Make Sure They Know Where to Find You!
No one can predict the future, but it is possible there will be another round of direct payments to American households. One legislative proposal is for a $2,000 per month payment for each household for a six month period. It’s not possible to say what additional...
COVID-19–THE PEOPLE FIRST INITIATIVE– AND DELINQUENT TAXPAYERS: A CHANCE TO JOIN THE IRS FRESH START PROGRAM?
There is a subtle hint in one of the recent press releases from the IRS which might be of interest to people who are seriously delinquent in filing their federal tax returns. In a news release about the People First Initiative, the Internal Revenue Service announced a...
State of IRS Operations Amid COVID-19 Pandemic
The IRS issued an evacuation order on March 30, 2020, to minimize the spread of COVID-19 and protect both its employees and the public. The IRS provided an update on its operations in IR-2020-68. The IRS is still on the job and adapting to the current situation along with the rest of us. The notice encourages taxpayers to use electronic…
COVID-19 ECONOMIC IMPACT PAYMENT: WHAT IF YOU ARE A DELINQUENT NON FILER?
On March 30, 2020, the IRS announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. Eligible taxpayers who filed tax returns for either 2019 or 2018 will...
Installment Agreements in the Time of COVID-19
The IRS is responding to the Coronavirus (COVID-19) pandemic in many different ways. The IRS specifically addressed installment agreements in Notice IR 2020-59. For those with an existing installment agreement, the requirement to make monthly payments is suspended for...
COVID-19 Response and Relief Resources
As Americans join together to defeat COVID-19, governments at all levels have shown us an unprecedented response. At the Federal level, laws are being passed in rapid succession, regulations are being prepared, and agencies are working tirelessly to implement new laws...
NEW COVID-19 PROTOCOLS: IRS AGENTS ARE NOW PERMITTED TO USE EMAIL
In a memorandum to all IRS employees dated March 27, 2020, the Deputy Commissioner for enforcement decreed that in order to assist employees, taxpayers, and their representatives who are working from alternative locations during the national virus disaster, a...