Millions of taxpayers could receive IRS refunds for pandemic penalties
· Telemundo McAllen (KTLM)
Tens of millions of taxpayers may be eligible to receive refunds or reductions of penalties from the IRS for late payment or non-payment fines imposed during the COVID-19 pandemic. Refunds are not automatic; taxpayers must file a claim before the July 10 deadline, according to the National Taxpayer Advocate, an independent IRS oversight organization. The penalties were imposed on taxpayers who did not pay taxes during a period when a federal disaster declaration was in effect due to the pandemic, from January 20, 2020, to July 10, 2023. A federal court ruled last year that taxpayers were not required to meet certain filing deadlines during that period. In the case of Kwong v. United States, the court determined that, under a provision of the tax code, filing and payment deadlines are automatically postponed while a federal disaster declaration is in effect, plus an additional 60 days. The case is still ongoing.
AI summary · Source: Telemundo McAllen (KTLM) →
