05/29/2026
Did your business pay tax penalties or interest between 2020-2023?
In Kwong v. United States, a court found that the IRS may not have correctly applied pandemic-era deadline extensions when assessing certain penalities and interest. That could mean some of the assessments shouldn't have been charged at all.
This is a time-sensitive issue since July 10, 2026, is expected to be a key date for making a claim in many cases. This refund wouldn't be automatic, so eligible taxpayers would need to take action. The IRS is appealing the decision, so the law is still developing. Read our blog to find out more and reach out to us if you think this might apply to you. https://hubs.li/Q04hZxsz0