Yesterday, the IRS announced its new People First Initiative to assist taxpayers facing uncertainty over their taxes due to the Coronavirus outbreak. This initiative will provide relief to taxpayers on a variety of issues ranging from easing payment guidelines to postponing compliance actions. To determine whether this relief applies to your specific situation, review the IRS guidance here.
Additionally, yesterday the Senate passed the CARES Act, phase three of Congress’ Coronavirus economic relief package. As soon as President Trump signs the bill into law, I will provide resources that explain the economic relief the bill makes available to American families and small businesses.
For helpful resources regarding Coronavirus, assistance available to American families and businesses, and the steps Congress is taking to keep Americans safe and financially secure, visit the Coronavirus Updates page on my website here.
