Court Ruling Creates Refund Opportunity for Pandemic Era IRS Interest and Penalties

Following a recent Court of Federal Claims decision, taxpayers may be able to seek tax refunds or abatement of interest and penalties assessed during the COVID-19 pandemic. Taxpayers who accrued interest or penalties between 2020 and 2023 should evaluate whether to file a refund claim or seek penalty or interest abatement.... By: Fox Rothschild LLP