PROPOSED TEMPORARY SUSPENSION OF IMMIGRATION TO THE U.S.
To assist people facing the economic challenges of COVID-19 issues, the Internal Revenue Service (IRS) recently announced a series of changes to assist taxpayers by providing relief on a variety of issues ranging from easing payment deadlines to postponing compliance actions. All information regarding the new tax changes are listed here.
Among the main changes is the decision of not providing names and personal data of delinquent taxpayers to private collection agencies. Nor will their data be sent to the Department of State, which could result in the nonrenewal of their passports.
The IRS also announced that all required minimum distributions (RMDs) in the year 2020 for various retirement plans are suspended. It has also suspended payments of all amounts due from April 1 through July 15, 2020, and no taxpayers will be in default on any IRS installment agreement during this period. Interest will continue to accrue on these installment agreements.
The IRS also informed it will not begin new audits and will suspend all appointments previously scheduled with taxpayers until July 15.
Previously, the IRS had already extended the 2019 tax filing deadline from April 15 to July 15 in response to the coronavirus pandemic. With that decision, millions of taxpayers gained three additional months to declare their taxes and settle their tax obligations.
HAYMAN-WOODWARD Global Mobility Services will continue to monitor information from the U.S. Internal Revenue Service to keep our clients well informed.
HAYMAN-WOODWARD GLOBAL MOBILITY SERVICES is a multinational parent corporation founded in 1996, with several operational companies within its purview.
Due to HAYMAN-WOODWARD’s long history of operating success and keen investments, its group has grown to encompass a multitude of various businesses. These include business consulting, global visas, relocation services, and others within diversified sectors and industries, supporting individuals and business entities in its quest to build value across borders.
HAYMAN-WOODWARD GLOBAL MOBILITY SERVICES maintains oversight of its affiliates and subsidiaries, and seamlessly bridges cultural gaps, while ensuring its global mobility goals.
HAYMAN-WOODWARD GLOBAL MOBILITY CORP. is not a law firm. The information and services presented are not legal advice and do not substitute the advice, guidance or recommendation that a licensed immigration attorney can provide. HAYMAN-WOODWARD GLOBAL MOBILITY CORP is not affiliated with any other government agency in any country.
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HAYMAN-WOODWARD GLOBAL MOBILITY CORP provides support services to certain legal entities in the United States of America, but it does not provide legal advice to any client.