U.S. Department of the Treasury & Internal Revenue Service (IRS)
The U.S. Department of the Treasury's mission is to maintain a strong economy and create economic and job opportunities by promoting the conditions that enable economic growth and stability at home and abroad, strengthen national security by combating threats and protecting the integrity of the financial system, and manage the U.S. Government’s finances and resources effectively.
The IRS is a bureau of the Department of the Treasury and one of the world's most efficient tax administrators. The IRS mission is to provide America's taxpayers top-quality service by helping them understand and meet their tax responsibilities and enforce the law with integrity and fairness to all.
This mission statement describes its role and the public’s expectation about how the IRS should perform that role.
- In the United States, Congress passes tax laws and requires taxpayers to comply.
- The taxpayer’s role is to understand and meet his or her tax obligations.
- The IRS role is to help the large majority of compliant taxpayers with the tax law, while ensuring that the minority who are unwilling to comply pay their fair share.
Please refer to the resources below from the Department of the Treasury and the IRS as they relate to the Coronavirus (COVID-19) outbreak.
Links of Interest:
- Economic Impact Payments Information Page
- Coronavirus Tax Relief and Economic Impact Payments
- IRS Filing and Payment Deadlines: Questions and Answers
- FAQs: Employee Retention Credit under the CARES Act
- IRS: Employee Retention Credit available for many businesses financially impacted by COVID-19
- IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance program
- Treasury and IRS Delay Federal Tax Day from April 15 to July 15 Due to COVID-19 Outbreak
Documents of Interest:
- Employee Retention Tax Credit: What You Need to Know
- Effective Date for Employment Tax Credits Under the Families First Coronavirus Response Act
- Overview of the Small Business Paycheck Protection Program
Information for Lenders
Information for Borrowers
Borrower Application Form (as of April 3, 2020)
Lender Application Form (as of April 3, 2020)
New Lender Application Form (Federally Insured Depository Institutions, Federally Insured Credit Unions, Farm Credit System Institutions)
New Lender Application Form (Non-Bank and Non-Insured Depository Institution Lenders)
Interim Final Rule
Interim Final Rule on Affiliation
Applicable Affiliation Rules for the Public
Frequently Asked Questions
- ePoster: What You Need to Know About Economic Impact Payments
- ePoster: IRS Economic Impact Payments & Coronavirus Tax Relief
- ePoster: Economic Impact Payments - If You Still Need To File