A court ruling established that the IRS had no legal right to charge penalties during the COVID-19 disaster period (January 20, 2020 through July 10, 2023), meaning taxpayers who paid failure-to-file, failure-to-pay, or underpayment penalties during this time may be entitled to a refund. To claim this refund, taxpayers must file Form 843 (Claim for Refund) by July 10, 2026, even if they are uncertain about their eligibility, as this serves as a protective claim that preserves their rights while the IRS potentially appeals the ruling.
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A court just ruled the IRS had no right to charge you penalties during COVID. #TaxRefund #IRS #COVIDAdded:
So for all those people who might have paid a penalty interest or some kind of COVID era penalty with the IRS on your tax return for years 2019 to 2023, you might be entitled to a refund. There's a court case going on right now and there's statute limitations. What they're telling everyone to do is file a form 843 to try to claim back those refunds.
Now, there's still some lawsuit and things may be pending, so you might get an appeal or the IRS might appeal this case, but it's a protective claim just in case you file that form. You go and you download your transcripts from 2019 to 2023. You look through the tax return transcripts, try to find if you got charged a penalty, and then go ahead and file that 843, and you know, you might get some money back. Have a great day.
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