IRM Interim Guidance: Levy Release on FEMA Covid-19 Funeral Funds (IRC §6343)

Revision to Internal Revenue Manual 5.11.2 and 5.19.4 that would provide temporary guidance on levy actions involving FEMA Covid-19 funeral assistance funds, released May 3. When the taxpayer provides sufficient documentation prior to receipt of the levy payment, that shows a levy attached to an account containing FEMA Funeral Assistance funds deposited within the previous eight weeks, IRS employees must release the levy on the FEMA funds, the IRS provided. If exigent circumstances exist to not release the levy on the FEMA funds, the matter must be elevated to the Area Director or Campus Director, the IRS stated. Effective April ...