NASHVILLE, Tenn. — Farmers, rural business owners and families who paid IRS late fees, estimated tax penalties or interest during the COVID years could be eligible for refunds, but they may need to act before the deadline passes.
According to AARP, the issue involves penalties and interest charged during the federal COVID disaster period, which ran from Jan. 20, 2020, through July 10, 2023.
The National Taxpayer Advocate says millions of taxpayers could be affected, though refunds are not expected to happen automatically.
Anyone who filed or paid late, missed estimated tax payments, or was charged IRS interest during that period, is being encouraged to review past tax records. Farmers and self-employed rural taxpayers may especially want to take a closer look, as estimated tax rules often apply to their operations.
The first step is reviewing IRS account transcripts for 2020 through 2023. Tax preparers can help identify penalty or interest charges and determine whether Form 843 should be filed.
The IRS is still challenging the court ruling, but taxpayers may need to file a protective claim by July 10, 2026, to preserve possible refund rights.
Farm-Level Takeaway: If you paid IRS penalties or interest during the COVID years, review your records now, because a refund may not be issued unless you request it.
Tony St. James, RFD News Markets Specialist
Farm CPA Paul Neiffer provided insight on updated PLC rate estimates, the role of base acres, and the upcoming enrollment window for ARC and PLC programs.
February 26, 2026 02:42 PM
·
Farm Bureau economist Danny Munch explains the importance of timely enrollment, and how the program helps dairy producers safeguard their operations against volatile milk markets.
February 26, 2026 02:25 PM
·
National FFA Annual Fund Manager Kimberly Coveney encouraged everyone watching to join the effort today and help celebrate Give FFA Day while investing in the next generation of agricultural leaders.
February 26, 2026 02:04 PM
·
USDA Farmer Bridge Assistance payments could begin this weekend as producers face tight margins, shifting acreage expectations, cattle herd contraction, and growing pressure for a stronger farm safety net.
February 26, 2026 12:11 PM
·
Higher energy costs ripple through local farm supply chains.
February 26, 2026 08:00 AM
·
Policy awareness is becoming part of everyday risk management.
February 25, 2026 04:50 PM
·
