Penalty Abatement

By Ed Parsons, CPA [Updated May 2026] Short answer: A CPA-led Kwong penalty review should start with the IRS account record, not assumptions from memory, old tax returns, or a single IRS notice. Before deciding whether a refund claim, protective claim, or abatement request may be appropriate, the review should identify the tax periods involved, […]

Kwong Protective Claims, Form 843, and IRS Transcript Review By Ed Parsons, CPA [Updated May 2026] Short answer: A Kwong-related review usually starts by identifying whether the IRS assessed or collected penalties or interest during the COVID-era period, then determining whether a refund claim, protective refund claim, or abatement request may be appropriate. In many

By Ed Parsons, CPA [Updated May 2026] Short answer: Kwong is a recent federal court decision that may affect certain IRS penalties and interest tied to the COVID-era federal disaster period. The National Taxpayer Advocate has warned that relief will not be automatic and that many taxpayers may need to file a timely claim, generally