When can taxpayers expect to receive IRS refunds announced last week? Beth Tucker answers this and other questions she received following the announcement that the IRS would refund $1.2 billion to 1.6 million business and individual taxpayers who paid fines for late filing for tax years 2019 and 2020. Beth walks through the details of penalty abatement for taxpayers who have yet to pay and those who were in the midst of abatement hearings in IRS Appeals.

And in case you missed it, check out the latest coverage linked below:

Week in Review with Karl Russo
Insight: IRS provides penalty relief for certain 2019 and 2020 tax returns

IN THIS EPISODE
Beth Tucker, Managing Director, PwC’s Tax Controversy & Regulatory Services Practice
Sindhu Blume, Host, Policy on Demand
Scott McCandless, Host, Policy on Demand