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Journal of Accountancy · Recently
IRS appeals Kwong as advocate says refunds may be at stake
Tax Brief summary and classification of the original reporting.
Bottom Line
💡 IRS appeals Kwong as advocate says refunds may be at stake. Review and take action if applicable to your clients.
Summary
The IRS filed an appeal of the Court of Federal Claims’ Kwong decision, in which the court held that the filing deadline for refund claims for penalties and interest was automatically extended by Sec. 7508A(d) due to the COVID-19 disaster declaration.
Classification
Category: heads upPriority: action neededReason: Contains 'deadline' - action may be required
Applies To
1040
Affected Groups
Individual return preparers
Related Topics
Original Source
We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.
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