Federal Tax Updates Free Money on the Table: What the Kwong Case Means for Your Clients
Roger sits down with tax controversy attorneys Jessica Marine and Peter Haukebo of Frost Law to unpack a court ruling most tax pros haven't heard of — but probably should act on before July. The Kwong case could mean significant interest and penalty refunds for clients who filed late during the COVID pandemic, and the window to file a claim is closing fast. They also dig into where ERC cases stand now, including why blanket IRS denials are clogging the appeals pipeline and what practitioners should be watching.
Sponsors
Padgett - Contact Padgett or Email Jeff Phillips
Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Links mentioned in this episode
Chapters
- (00:00) - Welcome and Setup
- (02:21) - Meet Frost Law Firm
- (04:34) - Jessica Tax Court Experience
- (06:23) - Why Tax Controversy Matters
- (07:10) - Kwong Case Overview
- (09:43) - Disaster Deadline Rules
- (11:37) - Refund Claims and Deadlines
- (14:18) - IRS Response and Strategy
- (18:27) - Filing Form 843 Right
- (26:34) - ERC Meets Kwong
- (30:05) - ERC Audits and Mediation
- (31:22) - Appeals Backlog Deadlines
- (32:25) - Why ERC Won’t Die
- (33:57) - PEO Refund Roadblocks
- (37:03) - Where ERC Litigation Stands
- (39:19) - IRS Service Breakdown
- (44:27) - Tariffs Ruling Refunds
- (49:09) - When to Call Frost
- (54:43) - New SBA EIDL Collections
- (55:42) - Tariff Refunds Non Importers
- (57:52) - Final Thanks Sign Off
twitter.com/FedTaxPod
facebook.com/FedTaxPod
linkedin.com/showcase/fedtaxpod
Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab
Review
Leave a review on Apple Podcasts or Podchaser
Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!
This podcast is a production of Earmark Media
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.