July 1, 2026
A recent federal court decision, Kwong v. United States, may create an opportunity for some taxpayers to seek refunds or other relief for certain IRS penalties and interest connected to the COVID-19 period. Although the law is still developing, July 10, 2026, may be an important deadline either for preserving those claims or requesting a refund or abatement. We are monitoring this area and evaluating whether the ruling may be relevant based on individual circumstances.