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Government Fights Tax Refunds, Deadline Approaching
Description
The federal government is appealing a court ruling that could refund millions of Americans due to invalid penalties and interest during the pandemic emergency period. The case, Kwong versus United States, challenges the IRSs authority to collect fees from January 2020 to May 2023. Taxpayers have until July 2026 to file a protective claim if they believe they were overcharged. To do so, obtain tax account transcripts, identify penalties, and file form 8043 for abatement. This affects individuals and small business owners, potentially returning significant funds if the appeal succeeds. Dont miss the July deadline to secure your refund.
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