The Internal Revenue Service (IRS) has announced several changes because of COVID-19. For taxpayers under an existing installment agreement or an offer and compromise agreement, payments due between April 1 and July 15, 2020 are suspended. Interest will continue to accrue on unpaid balances.
Taxpayers will have until July 15 to provide requested additional information to support a pending offer and compromise application.
Liens and levies will be suspended until July 15.
New delinquent accounts will not be forwarded to private collection agencies until July 15.
IRS generally will not start new field, office and correspondence examinations. IRS will continue to work refund claims where possible. In person meetings are suspended. Examiners will continue examinations remotely when possible.
Taxpayers have until July 15 to respond to the IRS to verify that they qualify for the Earned Income Tax Credit or to verify their income. Until July 15, the IRS will not deny these credits for failure to provide requested information. (IR 2020-59, March 25, 2020.)