Taxpayers who accrued penalties and interest between January 20, 2020, and July 10, 2023 may have grounds for recovery. Two recent court decisions, Abdo v. Commissioner and Kwong v. United States, have opened the door to potential refund claims by clarifying relief available under IRC Section 7508A. This program will examine both decisions and explore the practical implications for affected taxpayers and their advisors.

Topics will include identifying which clients may qualify for refunds or abatement, the mechanics of filing refund and protective refund claims, and critical statutory limitations periods and filing deadlines that demand prompt attention.

Speakers:
Matthew D. Lee, Partner, Fox Rothschild
Jonathan M. Wasser, Partner, Fox Rothschild

CPE and CE credits are available.