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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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