In March 2020, a declaration of a national state of emergency due to the COVID-19 pandemic was instituted to trigger relief measures to address the global viral challenge on a national basis. The Internal Revenue Service (IRS) became a player in the relief programs that followed, including pushing back the traditional April 15 tax return filing date and handling the processing and payment of stimulus checks to American taxpayers.
In March, the IRS also initiated the People First Initiative. In announcing the measure, IRS Commissioner Chuck Rettig noted, “The new IRS People First Initiative provides immediate relief to help people facing uncertainty over taxes. We are temporarily adjusting our processes to help people and businesses during these uncertain times. We are facing this together, and we want to be part of the solution to improve the lives of all people in our country."
Within an initial window between April 1 and July 15, 2020, the actions of the Initiative are considerable, including:
Because of relief measures available, now is an excellent time to speak with a tax lawyer about your tax profile, wealth portfolio, or allegations of tax crime you feel could be in the offing. As the markets continue to roll, solid tax planning and defense against tax controversy can protect your assets and financial stability.
Serving international and local clients from offices in Chicago and Cleveland, Illinois, the legal team at Robert J. Fedor, Esq., LLC delivers experienced legal guidance on tax filings, avoidance of tax fraud, and strategic representation during an IRS criminal investigation. Call us at 800-579-0997 or contact us today.