Potential Refund of COVID-Era IRS Penalties

Recent court developments, including the Kwong v. United States decision, may allow many taxpayers to recover penalties and interest charged by the IRS during the COVID-19 period (roughly 2020–2023).

What This Means for You If you paid failure-to-file, failure-to-pay, or certain other penalties (or had them assessed) on returns due during that time, you may be eligible for a refund or abatement. Our firm can prepare a protective claim (IRS Form 843) to preserve your rights while the legal process continues.

Why Act Now?

  • The IRS has not yet agreed with the court ruling and may appeal.
  • Filing a protective claim now locks in your deadline and gives you the best chance at a future refund.
  • Missing the window could mean losing eligibility permanently.
  • Time is running out! To give you the best chance to get as big a refund as possible you must file no later than JULY 10, 2026.

How Do I Know If I Had A Penalty?

  • For an individual tax return the best way is to go to your IRS Online Account and run an account transcript. If you don’t have an account create one. (See the “How to Create Your Online Account” for help in creating the account and running the transcript)
  • For a business return you will need to find any IRS notices you received showing they accessed a penalty,

How to Create Your IRS Online Account Online Account

Our Service We handle the paperwork so you don’t have to.

  • Personal returns: $400 for the first year + $100 per additional year.
  • Business returns: $500 for the first year + $150 per additional year.

We review your information, prepare the protective Form 843, and send it to you ready to mail. Simple, transparent, and low-risk.

Important Note: There is no guarantee of a refund, and any payment could take a long time. But the cost is modest compared to the potential benefit.

 

Click here for the instruction on what to do next What Do I Need to Do? 

 

Complete Business COVID Penalty Refund Organizer

 

Complete Personal COVID Penalty Refund Organizer

 

 

The Fastest way to get any questions answered would be to join our Thursday Call. The Thursday call is every Thursday at 3:00 Pacific time. (646) 749-3335 PIN 765-165-429

Or email to contact@tacpas.com . Please put Urgent COVID Refund in the subject