COVID Interest and Penalty Relief: IRS Refund Opportunities
Wednesday, April 29, 2026, from 1:00 – 1:45 PM CT
Following the recent Court of Federal Claims decision in Kwong v. United States, taxpayers may now have new opportunities to seek refunds or abatements of IRS interest and penalties assessed during the COVID-19 pandemic. If you or your business accrued IRS interest or penalties between 2020 and 2023, filing a protective claim or request for penalty or interest abatement may help preserve amounts that could be recovered before the applicable limitation periods expire.
Nick Richards, Tax Partner at Greenspoon Marder LLP, and Calvin Shannon, Principal at BGM, will discuss how the Kwong decision may affect refund opportunities, when protective claims should be considered, and what strategies taxpayers and advisors should be implementing now to protect their interests.
What You’ll Learn:
- The Court of Federal Claims decision in Kwong v. United States and why it may create refund or abatement opportunities for IRS interest and penalties assessed between 2020 and 2023.
- When filing a protective claim is appropriate, including situations involving COVID-era IRS assessments, pending guidance, and unresolved court decisions.
- How statute of limitations rules impact timing and the ability to preserve refund opportunities before deadlines expire.
- Key requirements for filing a valid protective claim, including necessary detail and documentation.
- Common risks, IRS considerations, and strategic planning opportunities for taxpayers and advisors.
Register today to learn whether you may be entitled to recover IRS interest or penalties assessed during 2020 through 2023 and how to preserve your refund opportunities.
