Cristina Hale, CPA
The law was designed to automatically postpone certain tax deadlines when a federally declared disaster occurs. When COVID-19 was declared a national emergency on March 13, 2020, those provisions came into play.The national emergency remained in effect until May 11, 2023, a much longer period than Congress likely envisioned when the legislation was written. According to recent court decisions, the IRS may have improperly continued charging interest and penalties during portions of that disaster period.
