Swoop In Solutions, LLC

A recent Tax Court case (Kwong) says that the IRS should not have accessed some penalties and interest during Covid (Jan 2020 through July 2023). This could allow taxpayers to receive refunds if they paid interest or penalties to the IRS during this time period.

The IRS is expected to appeal this ruling so nothing is final at this point. However, the deadline to file for a refund claim is July 10, 2026.

I monitor my clients' IRS accounts and have ran reports to see who paid interest and/or penalties during this time. If you are a client of mine and could be due a potential refund, I will be reaching out to you soon. We'll be discussing the steps to file a Protective Claim (Form 843) before July 10th, 2026.