The IRS released new information regarding relief options available for taxpayers struggling with tax debt during the COVID-19 Pandemic.
These guidelines are unprecedented and due to the ever-changing nature of the Coronavirus, it is not clear how long these relief offerings will be available.
Don’t miss your opportunity to apply for tax relief – take our free survey to request information and to see if you’re qualified to have your tax debt significantly reduced.
In addition to expanding relief programs, the IRS and US Treasury announced a number of other procedural changes that will take effect immediately to stem the ever-growing economic damage caused by the COVID-19 Pandemic.
The Federal Tax Filing Deadline Has Been Extended
The official tax filing deadline has been extended to July 15th 2020. Taxpayers are still encouraged to file their tax returns prior to the deadline as tax refunds will still be distributed prior to July 15th.
Penalties and Interest for 2019 Tax Returns Have Been Postponed
Between the original tax filing deadline (April 15th) and the extended deadline, taxpayers will not accrue penalties and/or interest to their 2019 tax bill, however penalties and interest will still be accrued on past due tax debt throughout this time.
New Collection Activities Have Been Postponed
The IRS announced that they will suspend notices of intent to lien and levy taxpayer assets. However, if you have already received a notice of intent to lien/levy or are already being actively collected on, the IRS will move forward with collections.
Questions about how COVID-19 will affect your tax debt balance? Click here to request to speak with a FreshStartInfo Representative.
The IRS notoriously forgives MILLIONS in back tax debt every single year, but due to new tax relief efforts to assist with the economic impact of the Coronavirus, the IRS is on track to wipe out BILLIONS to fight the economic distress the pandemic is causing taxpayers.
The IRS Fresh Start Program is now easier than ever to qualify for and more taxpayers are being accepted for a REDUCTION in tax debt than ever before.
What To Do Next
To ensure you do not miss out on your chance to get rid of your tax debt once and for all:
- Click Here to complete our free survey
- Speak to a Verified FreshStartInfo Partner for a FREE Consultation
- Discover how much your tax debt can be reduced through the IRS Fresh Start Program