Traction with the Tiger

Kwong Case Explained: A Limited-Time IRS Penalty Refund Opportunity


Listen Later

In this episode of Traction with the Tiger, Tax Partner Chris Wittich breaks down the recent Kwong case and what it could mean for taxpayers who paid IRS penalties during the COVID-19 period.

Chris explains who may qualify for a refund, how Form 843 is used to file a claim, and why the July 10, 2026 deadline is critical. While the IRS is appealing the court's decision, taxpayers who paid significant penalties between January 2020 and July 2023 may want to consider filing a refund claim before the opportunity expires.

Tune in for a practical overview of this time-sensitive tax planning opportunity.

...more
View all episodesView all episodes
Download on the App Store

Traction with the TigerBy Chris Wittich