Earned Income Tax Credit and Wage Verification Reviews – Taxpayers have until July 15, 2020, to respond to the IRS to verify that they qualify for the Earned Income Tax Credit or to verify their income. But please take a few minutes to do some research first. Certification prevents taxpayers from receiving or renewing passports. Field, Office and Correspondence Audits – During this period, the IRS will generally not start new field, office and correspondence examinations. In addition, the AICPA is asking that the IRS reassess the impact of the coronavirus during 2021 and determine the appropriateness of offering similar penalty relief for the 2020 tax year. Delaying the 2020 tax deadline to July 15 was an act of goodwill on the part of the IRS. Passport Certifications to the State Department – IRS will suspend new certifications to the Department of State for taxpayers who are "seriously delinquent" during this period. At the IRS, we recognize these are challenging times for everyone, and we understand that many Americans still face COVID-related hardships. If the IRS approves your payment plan (installment agreement), one of the following fees will be added to your tax bill. The IRS is highlighting reasonable cause assistance available through IRS procedures for failure to file, failure to pay and failure to deposit penalties. Thanks to the Fresh Start Initiative, the Streamlined Installment Agreement has increased the flexibility of debt from $25,000 to $50,000. Liens and levies, including any seizures of a personal residence, … It's important to contact the IRS immediately if you're approved for an … By law, interest will continue to accrue on any unpaid balances. Otherwise, the IRS will issue Notices of Deficiency and pursue other similar actions to protect the interests of the government in preserving such statutes. Complete this form if the payment agreement amount that you are applying for, including penalty and interest, is over $10,000. Our new initiatives offer help in a variety of ways. CORONAVIRUS TAX RELIEF: Stay up-to-date with tax changes using our COVID-19 tax guide. The agent was able to order a copy of the installment agreement and annual statement, but those took 5 months to arrive. The IRS is easing paperwork requirements to allow individuals more flexibility to get non-streamlined Installment Agreements up to $250,000 without financial verification, if their case is not yet assigned to a revenue officer. Similar to the Non-Disclosure Installment Agreement, you have to promise to pay off all debt within 72 months. Private Debt Collection – New delinquent accounts will not be forwarded by the IRS to private collection agencies to work during this period. It is up to you, however, to take that first step and make a request for the installment agreement, which you can do by filing Form 9465. These new changes include issues ranging from postponing certain payments related to Installment Agreements and Offers in Compromise to collection and limiting certain enforcement actions. We are unable to set up installment agreements on your 2019 income tax liability until you receive a Notice of Collection from NCDOR. The IRS reminds taxpayers who received tax relief as part of the People First Initiative and didn't make previously owed tax payments between March 25, 2020 and July 15, 2020 they will need to restart those payments to avoid penalties. Other penalty relief options include first-time abatement for reasonable cause. Taxpayers are encouraged to promptly respond to any outstanding requests for information for all cases in the Independent Office of Appeals. 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