IRS Could Owe Millions Refunds for Pandemic-Era Penalty Relief
A federal court ruling in Kwong v. United States suggests that millions of taxpayers may be eligible for refunds related to pandemic-era penalties and interest assessed between January 20, 2020, and July 10, 2023. Taxpayers must act by July 10, 2026, to claim potential refunds or abatements.
Topics: federal court decision IRS pandemic-era penalties tax refunds