Coronavirus (COVID-19) Tax Updates

March 31, 2020

Coronavirus Tax Updates Graphic


GET HELP

The Taxpayer Advocate Service (TAS) remains commited to assisting taxpayers and championing their taxpayer rights. TAS will continue to offer help to qualified taxpayers by telephone. Visit www.taxpayeradvocate.irs.gov/contact-us and use the digital map to find a local telephone number in your area.

Check this page frequently for tax-related changes as new information is made available through the U.S. Treasury Department and the IRS. You can also visit the IRS special Coronavirus (COVID-19) page on IRS.gov for the latest tax information related to the Coronavirus  (COVID-19).

REFUNDS

If you are expecting a refund on the amount of taxes you paid last year, you should file your return as soon as possible. If you have questions about your refund after you've filed, visit our refund information hub for guidance on checking your refund status.

GOVERNMENT STIMULUS LEGISLATION

As soon as guidance on the law’s tax-related provisions is available, it will be posted on IRS.gov. Thank you for your patience as we work through all of the necessary processes it takes to not only implement the new law, but also to speak about it.

Analysis of this complex and lengthy legislation can be time consuming but is a necessary first step. We must be certain about how the provisions of law will be implemented before public information can be shared, even when the media or commercial tax services provide their interpretation of what they believe is correct.

We know everyone is anxious to receive information relating to this new legislation, but please be patient and be assured we are all working hard to get it out as quickly as possible.

Calling TAS or the IRS will not get refunds or credits issued any faster. In fact, it will only serve to tie up phone lines for those who may have to contact us for other assistance.

FEDERAL TAX FILING AND PAYMENT DEADLINE EXTENDED

The Treasury Department and the IRS announced new tax relief because of the Coronavirus (COVID-19) emergency. As a result, any taxpayer with a Federal income tax payment or Federal income tax return due April 15, 2020, is entitled to relief from tax filing and payment deadlines. The due date for filing Federal income tax returns and making Federal income tax payments due April 15, 2020, is automatically postponed to July 15, 2020. The relief does not apply to any payment or deposit of any other type of Federal tax, or the filing of any Federal information return that is due April 15, 2020. The relief applies to all taxpayers. You do not have to file extensions forms (Form 4868 or Form 7004) in order to file Federal income tax returns or pay Federal income tax by July 15, 2020, and you do not need to contact the IRS to qualify. https://www.irs.gov/pub/irs-drop/n-20-18.pdf 

TAX FILING

Free tax return filing options are available to help you file your return timely. You can also download essential tax forms you’ll need to submit to the IRS.

TAX BALANCE DUE

If you are expecting to have a federal tax balance due and cannot pay it in full by the new July 15th due date, pay as much as you can, as interest, penalties, and additions to tax will begin to accrue on July 16, 2020. Take a look at the tax payment options available to help you plan ahead.

COMPLIANCE

Starting approximately April 1, and running through July 15 initially, the IRS will postpone certain compliance actions under a new program entitled “IRS People First Initiative,” in an effort to help taxpayers people facing tax challenges in light of the Coronavirus (COVID-19) emergency. The changes include issues ranging from postponing certain payments related to Installment Agreements and Offers in Compromise to collection procedures and limiting certain enforcement actions.

The new IRS People First Initiative outlines the IRS’s temporary policies in the following key tax areas:

  • Earned Income Tax Credit and Wage Verification Reviews
  • Non-Filers
  • Audits
  • Appeals
  • Field Collection Actions
  • Liens and Levies
  • Passport Certifications to the State Department
  • Private Debt Collection
  • Statute of Limitations
  • Practitioner Priority Service

Visit www.irs.gov/coronavirus for more detailed guidance from the IRS.

OTHER TOPICS

Visit the TAS tax tips and Get Help center for help with common tax questions.

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