Many officials and groups have already weighed in on the IRS’s various pandemic-related delays and administrative problems. Now, National Taxpayer Advocate Erin Collins is recommending that the IRS extend the window for taxpayers to claim refunds and waive the time limit for filing refund suits. In normal times, taxpayers can generally request a credit or refund within three years of filing a return or two years of paying tax due. However, when the IRS extended filing dates for 2019 and 2020 returns, it didn’t extend the refund periods. Collins hopes to work with the IRS to extend these periods so that taxpayers who took advantage of COVID-19 relief aren’t punished. Call or visit our website for more information! www.mjscpa.com/
