00:00I'm sure you've heard the news, the IRS may owe you money for COVID-era penalties,
00:04but the clock is ticking, here's how to claim what's yours before it's too late.
00:08During the COVID disaster period, from January 2020 to July 10, 2023,
00:13the IRS charged late penalties they may not have been allowed to.
00:16A court ruling says those penalties shouldn't apply and tens of millions,
00:20individuals, small businesses, even estates, could get money back.
00:24But here's the catch. You must file a paper form 843 by July 10,
00:282026. No online option, and the government might appeal, so don't delay.
00:34To check if you qualify, get your IRS tax account transcript.
00:38Look for penalties or interest charged in those COVID years.
00:42If you spot any, file a protective claim.
00:45Write protective refund claim pursuant to Quang case on your form to save your spot.
00:50That's your urgent IRS update.
00:52Got questions or think you qualify? Drop a comment below.
00:55Subscribe for more daily news from News Plus Globe.
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