Two weeks ago, President Trump declared a national emergency with regard to COVID-19. Acting on that declaration, the Internal Revenue Service (IRS) last week postponed the April 15 tax filing deadline for an additional 90 days – until July 15, 2020. As welcome as that postponement may have been, the agency also limited tax deferments to $10 million for corporations and $1 million for individuals.  A notice issued Friday night however, reversed that decision and removed those caps, allowing both businesses and individuals to delay all tax filings and payments with no penalties or fees. This week, the agency provided additional clarifications regarding 2019 contributions to HAS and Archer medical savings accounts along with the grace period relating contributions to qualified retirement plans under Section 404. Finally, yesterday the IRS announced its new People First Initiative, through which the agency will adjust its processes to help people and businesses such as by postponing certain payments relating installment agreements and certain enforcement actions while still avoiding or minimizing in-person contacts.