Informal Refund Claims Addressed in Planned LB&I Exam Changes - McDermott Will & Emery

Informal Refund Claims Addressed in Planned LB&I Exam Changes

Overview


Jean Pawlow commented on a proposed IRS change in handling informal corporate refund claims that “the IRS cannot make taxpayers file a formal claim for refund on an amended return. There is case law that says you can have informal claims for refunds and that’s sufficient for purposes of meeting the statutory jurisdiction requirement to file in court. So are they just saying they’re not going to process these claims for refund unless they’re on a formal amended return? It’s curious.”