The Bottom Line Inc

Want to learn how taxes really work?

The Bottom Line Inc is offering online tax classes this summer!

Whether you want to start a side income preparing taxes, better understand your personal or business taxes, or improve your current skills and knowledge—these programs are for you:

• Tax Prep 101—Tuesdays & Thursdays, 6-8pm, 8 sessions starting May 26, $160
• Advanced Tax Strategies—Tuesdays & Thursdays, 6-8pm, 8 sessions starting July 7, $160
• Pennsylvania Tax Training—Tuesday, August 18, 6-8pm, $25
• Philadelphia Business Taxes (BIRT & NPT)—Thursday, August 20, 6-8pm, $25

Classes feature
* Live instruction
* Learn from anywhere

Limited seats available. No experience needed for Tax Prep 101

Register for Tax Prep 101: https://calendly.com/apptstbl/taxprep101

Or enroll in all four classes at a discounted rate: $320!
https://calendly.com/apptstbl/advanced-tax-prep-clone-2

Take control of your financial future this summer!

Tax Tip Tuesday – June 2, 2026
A recent federal tax case, commonly referred to as the Kwong Decision (Kwong v. United States), may affect millions of taxpayers.

Did You Pay IRS Penalties or Interest During the COVID Period?

If you paid IRS penalties or interest between January 20, 2020, and July 10, 2023, you may be entitled to a refund.
The National Taxpayer Advocate has indicated that millions of taxpayers could potentially qualify if the ruling ultimately stands.

Why This Matters

The court found that certain IRS actions during the COVID disaster period may have been improper, potentially giving taxpayers the right to recover penalties and interest they paid during that time.
Important Notes
This area of law is still developing:
The IRS has not officially conceded the issue.
Appeals are expected.
Some penalties may qualify while others may not.
International information return penalties (Forms 5471, FBAR, etc.) may be outside the scope of the ruling.

Claims may need to be filed by July 10, 2026 to preserve your rights.

What Should You Do?

Review your IRS records and determine whether you paid any penalties or interest between January 20, 2020, and July 10, 2023.
If you are unsure, I would be happy to discuss your situation and help determine whether you may have a claim.

Schedule a time to discuss your IRS penalties and interest here:
https://calendar.app.google/8wYJdKeSPfHuDbmU8

As additional guidance becomes available, I will continue to keep clients informed.

Thanks,
Walter Boone-Moyer

The Bottom Line Inc. Tax Planning • Tax Preparation • Tax Strategy
Walter Moyer, Accountant, AFSP Author of From Idea to Action: Your 1-Day Business Plan https://a.co/d/gze5car
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The Bottom Line, Inc. 4116 Houghton St Philadelphia, PA 19128
Upload your documents: https://tbl.taxdome.com/login Schedule an appointment: https://calendly.com/apptstbl/30min
Website: www.TheBottomLineInc.net Call: 215-238-0230 | Text: 215-694-3678 YouTube: https://youtube.com/
Member of: • National Association of Tax Professionals • Pennsylvania Society of Tax & Accounting Professionals

30 min with Walter Kwong Decision