Regulations that can be rescinded, modified or waived to assist taxpayers with economic recovery (COVID-19)

Regulations that can be rescinded, modified or waived

The U.S. Treasury Department and IRS today released for publication in the Federal Register a “request for comments” concerning regulations and other requirements that can be rescinded, modified or waived to assist business and individual taxpayers with their economic recovery from the coronavirus (COVID-19) pandemic.


Comments are due 45 days after this item is published in the Federal Register (which is scheduled for November 17, 2020).

This request for comments [PDF 200 KB] includes several examples of how the IRS has tried to provide relief (such as postponed deadlines for filing tax returns and making tax payments and extended deadlines

for other time sensitive acts) in response to the COVID-19 pandemic. Today’s release indicates that the IRS will continue to review all temporary actions taken in response to COVID-19 to determine whether certain actions would become permanent in order to promote economic recovery.

This release requests comments about additional measures that might assist those affected by the COVID-19 pandemic and that would further aid in the ongoing economic recovery from the pandemic.

© 2022 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

For more detail about the structure of the KPMG global organization please visit

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us