Article Date:
December 2020


Word Count:
1538

 

 

COVID-19: The IRS Goes Easy on Taxpayers Who Owe Back Taxes


Many taxpayers are struggling to pay their taxes due to the coronavirus (COVID-19) pandemic.

 

Some 11.23 million Americans owe a total of more than $125 billion in back taxes to the IRS.1 This number is likely to grow.

 

During the first wave of the pandemic in March, the IRS implemented the People First Initiative, which put a temporary halt to most collection efforts.2 The People First Initiative expired July 15, 2020.

 

The IRS is gradually ramping up enforcement. It began sending out balance due notices to some taxpayers in late October.3

 

But the IRS remains aware that substantial numbers of taxpayers cannot pay what they owe right now. To help them, it has promulgated a new Taxpayer Relief Initiative.4

 

The Taxpayer Relief Initiative is far more modest in scope than the People First Initiative. But it still provides valuable help to Americans who owe the IRS back taxes.

 

Here are two taxpayer rules of the road: First, don’t ever ... Log in to view full article.

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