To help those impacted by the COVID-19 pandemic, the IRS is expanding its taxpayer options for making payments and alternatives to resolve balances owed.
Taxpayers who owe always had options to seek help through payment plans and other tools from the IRS, but the new IRS Taxpayer Relief Initiative is expanding on those existing tools.
For example, taxpayers who qualify for a short-term payment plan option may now have up to 180 days to resolve their tax liabilities instead of the standard 120 days.
Other eligible taxpayers who only owe for the 2019 tax year and who owe less than $250,000 may qualify to set up an installment agreement without a notice of federal tax lien filed by the IRS. See more initiative highlights here.