The IRS May Owe You Money From the Pandemic Years—but You Have to Claim It
The IRS May Owe You Money From the Pandemic Years—but You Have to Claim It
Tax lawyers say Americans who paid IRS penalties or interest during the COVID-19 emergency could qualify for refunds after a federal court ruling shifted tax deadlines through July 2023.
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It’s possible that the IRS may owe you some money from the COVID era.
Last month, a U.S. Court of Federal Claims decision broadened the interpretation of a particular part of the tax code, IRC Section 7508A, which concerned the postponement of tax deadlines during disasters, such as the COVID-19 pandemic.
Specifically, a February ruling........
