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Join us to learn about what a CFO does & when your business needs one!
If you’re a real estate operator, fund manager, or business owner navigating growth, this session is built for you.
Join us during out office hours with Dan Olsen where he’ll break down the real role of CFO Advisory for businesses in the growth stage, especially in the $5M–$50M range. We’ll cover everything from scaling operations and improving reporting to transaction readiness and strategic decision-making.
-June 1st @ 2:00pm CT ! – https://us06web.zoom.us/webinar/register/7017788569326/WN_BqJzCZTKSVq7ftcIKBG02Q
You May Be Entitled to a Tax Refund You Don’t Know About
A federal court just made a ruling that could put money back in your pocket. Here’s what happened, why it matters, and what you need to do right now.
The Ruling
In November 2025, the U.S. Court of Federal Claims decided a case called Kwong v. United States. The court ruled that during the COVID-19 pandemic, the IRS was required by law to extend certain tax deadlines for everyone affected by the disaster. Not by choice. By law.
This extension ran from January 20, 2020, through July 10, 2023. That is 3 and a half years of automatically extended deadlines.
What This Means for You
If the IRS charged you penalties or interest for missing a deadline during that period, those penalties and interest may have been wrong. And you may be able to get a refund.
Think about this. If you had a tax payment due in 2021 but didn’t pay until 2022, the deadline was legally extended. The IRS should not have charged you a late-payment penalty. If they did, you can ask for it back.
Or if you were assessed interest on a tax liability because you were late, but the lateness fell within that disaster period, that interest may be refundable.
Or if you were hit with a failure-to-file penalty for a return that was due during the pandemic, that penalty may not have been valid.
This applies to business owners, investors, real estate holders, and anyone who paid federal income tax during the COVID-19 period.
The Deadline Is Urgent
Here is the critical part: you have until July 10, 2026, to file a claim for refund. That is less than a year away.
After July 10, 2026, the IRS can deny your claim simply because it is too late. No matter how much you are owed, they will turn you down.
What You Can Do Right Now
You have 2 options.
Option 1: We Handle It
The easiest path. Contact Porter & Company and we will pull your tax transcripts, analyze your penalty and interest assessments, calculate what you may be owed, prepare Form 843, and monitor your claim with the IRS. You only pay us if the IRS approves your claim and sends you money. No upfront cost. No risk.
This is exactly the kind of proactive, detail-oriented tax work that creates real value for our clients. We spot opportunities others miss. We act on them before the window closes. Just email us back and tell us you want our help and we will follow up with our process and fee structure.
Option 2: You Handle It
If you prefer to investigate on your own, we have created a guide document with step-by-step filing procedures. Pull your tax transcripts, identify the penalties and interest from the disaster period, and follow the instructions in the guide to file a protective Form 843 claim. The document covers everything you need.
Why This Matters Now
The government plans to appeal this case. The legal battle is not over. But that does not mean you should wait.
If you file a protective claim now, you preserve your right to a refund no matter how the appeal goes. If you wait until 2027 and the appeal goes in your favor, it may be too late to claim your refund under the statute of limitations.
Filing a claim now is the safe move.
The Bottom Line
The deadline is July 10, 2026. Do not let that date pass without understanding whether you have money coming back to you.
If you have questions about whether this applies to you, reach out to Porter & Company. We can pull your transcripts, review your situation, and let you know whether a refund claim makes sense for you. And if it does, we can handle the entire process for you.
Questions? Contact us today. Let’s make sure you don’t miss this opportunity.
For full details on how to file yourself , download this –
Tax Planning Intensive – Summer Series
We are getting ready to announce our Tax Planning Summer series next month. We will roll out more details in the coming weeks, but if you are a member of the Collective or a current Advisory Client (Current Clarity/Vision or other Tax Plan), this is part of your services. If you are not and you’re interested, we only have 15 spots available, so reply back with your interest and we will make sure you get the information first when we roll it out.
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