§7508A & Kwong: Understanding Refund Claims

A federal court ruling could mean IRS refunds for penalties and interest charged during the COVID-19 disaster period, but the deadline to file is July 10, 2026.

In this episode of Brainfood Bytes, Larry Pon, CPA/PFS, CFP, EA, USTCP, AEP of Pon & Associates, breaks down what the Kwong v. US ruling changed under §7508A, what CPAs need to do before the deadline and why this affects nearly every type of taxpayer.

Update: Since this episode was recorded, the IRS has provided further instructions for submitting Form 843 claims that cite Kwong.