IRS COVID tax refund deadline is approaching: What to know
Millions of taxpayers who may be entitled to IRS refunds or relief from penalties and interest have only days left to file claims before a July 10 deadline.
The National Taxpayer Advocate, the independent watchdog, said tens of millions of taxpayers could qualify for refunds or abatements for penalties and interest assessed by the IRS during the 3.5-year COVID-19 disaster declaration period.
The backstory:
What you can do:
IRS unveiled the filing form on its website.
What they’re saying:
The taxpayer advocate warned that many eligible taxpayers could miss out simply because they are unaware of the approaching deadline.
“At the risk of repetition, my overriding goal is to get the word out to as many taxpayers as possible and to avoid disparate results between the ‘well advised’ and the unaware,'” the advocate added.
The taxpayer advocate said affected taxpayers may be entitled to a refund or abatement for:
The Source: FOX Business contributed to this report. The information also comes from a notice issued by the National Taxpayer Advocate, an independent organization. This story was reported from Los Angeles.
Original source: https://www.livenowfox.com/money
