IRS Fined Millions for Taxpayers to Claim Their Money Back Before the July 10 Deadline

In this episode, Amro Badran sits down again with Christopher Nichols, Director of Tax Resolution at Badran Tax and a retired IRS Revenue Officer and Appeals Settlement Officer, to explore the major tax court ruling that could impact millions of taxpayers who were charged IRS penalties and interest during the COVID-19 pandemic. They explain how a recent court decision challenged the IRS's authority to assess certain penalties during the national emergency period and what taxpayers can do now to protect their right to a possible refund. The discussion features tax professionals explaining the background of the Kwong Case, the IRS appeal process, and the steps individuals and business owners should take before the filing deadline. They provide practical guidance on reviewing IRS transcripts, identifying eligible penalties, and submitting a protective refund claim using Form 843. Expect to Learn: What the Kwong Case is and why it could affect taxpayers nationwide. Which tax years may qualify for penalty and interest refunds. How to check your IRS transcripts for eligible penalties. The purpose of Form 843 and how to file a protective refund claim. Why taxpayers must act before the July 10, 2026 deadline. Episode Breakdown with Timestamps: [00:00] – Teaser [00:44] – Introduction: The Kwong case and its benefit for taxpayers [02:21] – Protective refund claim must be filed by July 10, 2026 [04:28] – Look for FTF (failure to file), FTP (failure to pay), failure to deposit codes [07:11] – IRS appealed; filing the claim preserves your rights regardless of appeal outcome [08:09] – Applies to personal income, business, payroll, and special assessment returns [08:39] – Summary: if you were charged penalty/interest for 2019‑2022, file a claim – it’s your money Follow Christopher Nichols: 👉 LinkedIn:   / christopher-nichols-ea-b1b515355   🔗 More from Tax Resolution: 👉 Website: https://badrantax.com/ 👉 LinkedIn:  / amro-badran   👉 Instagram:  / badrantax   👉 Facebook:  / badrantax   👉 TikTok:   / badrantax   Follow the Podcast: 👉 YouTube:    / @badrantax   👉 Apple Podcasts: https://podcasts.apple.com/us/podcast... 👉 Spotify: https://open.spotify.com/show/4Rz4nHO...