Tens of millions of Americans may be able to receive a tax refund or abatement of penalties accrued during the first few years of the COVID-19 pandemic from the U.S. Internal Revenue Service (IRS). The deadline to apply for the refund or abatement is July 10, or this Friday, according to a post published earlier this year on the IRS National Taxpayer Advocate blog.
Eligibility and Filing
During the COVID-19 federal disaster period — which lasted from January 20, 2020, to July 10, 2023 — the government eased up on many tax rules and paused many deadlines. However, many people still paid fees for filing late, interest to the government, or penalties for not making estimated payments, or have been told they owe money.
The Taxpayer Advocate Service estimates that this applies to tens of millions of Americans, including individuals, small businesses, large corporations, estates, and trusts. The payments that could be refunded or abated apply to income, employment, estate, gift, and excise taxes.
To file a claim, taxpayers can fill out Form 843, Claim for Refund and Request for Abatement, online through the IRS’ mobile-friendly forms tool or by mail. Taxpayers should have scans of the necessary documents ready and write ‘Protective Refund Claim Pursuant to Kwong Case’ or something similar across the top of the form.
Original reporting: NBC6 Miami — read the source article.
