It is important for you to be aware that a recent federal court decision in Kwong v. United States (“Kwong”) has opened the door for certain taxpayers to pursue refunds of IRS-assessed interest and penalties, particularly in situations involving late payment or estimated tax underpayments during the period between 1/20/2020 and 7/11/2023. While the ruling… [keep reading…]
Tag: Refund
Tax Tip Tuesday – Verifying Federal and New York Refund Status
If you are anticipating a refund from either the IRS or the State of New York and you want to determine the status, you can access online tools via the agencies’ websites to obtain a status update. 1. Federal Refund Status Use the ‘Where’s My Refund? tool at IRS.gov. Required information: Social Security Number, filing… [keep reading…]