The Internal Revenue Service (“IRS”) announced on March 25, 2020, an extensive series of steps to help taxpayers on a number of issues, including easing payment guidelines and postponing compliance actions, through the enactment of the People First Initiative.
People First Initiative
The People First Initiative is designed to help people facing uncertainty over taxes and is expected to take effect April 1 and run through July 15. Below are some of the notable aspects (for the complete list, click here):
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