The Bottom Line Inc

Tax Tip Tuesday – June 2, 2026
A recent federal tax case, commonly referred to as the Kwong Decision (Kwong v. United States), may affect millions of taxpayers.

Did You Pay IRS Penalties or Interest During the COVID Period?

If you paid IRS penalties or interest between January 20, 2020, and July 10, 2023, you may be entitled to a refund.
The National Taxpayer Advocate has indicated that millions of taxpayers could potentially qualify if the ruling ultimately stands.

Why This Matters

The court found that certain IRS actions during the COVID disaster period may have been improper, potentially giving taxpayers the right to recover penalties and interest they paid during that time.
Important Notes
This area of law is still developing:
The IRS has not officially conceded the issue.
Appeals are expected.
Some penalties may qualify while others may not.
International information return penalties (Forms 5471, FBAR, etc.) may be outside the scope of the ruling.

Claims may need to be filed by July 10, 2026 to preserve your rights.

What Should You Do?

Review your IRS records and determine whether you paid any penalties or interest between January 20, 2020, and July 10, 2023.
If you are unsure, I would be happy to discuss your situation and help determine whether you may have a claim.

Schedule a time to discuss your IRS penalties and interest here:
https://calendar.app.google/8wYJdKeSPfHuDbmU8

As additional guidance becomes available, I will continue to keep clients informed.

Thanks,
Walter Boone-Moyer

The Bottom Line Inc. Tax Planning • Tax Preparation • Tax Strategy
Walter Moyer, Accountant, AFSP Author of From Idea to Action: Your 1-Day Business Plan https://a.co/d/gze5car
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The Bottom Line, Inc. 4116 Houghton St Philadelphia, PA 19128
Upload your documents: https://tbl.taxdome.com/login Schedule an appointment: https://calendly.com/apptstbl/30min
Website: www.TheBottomLineInc.net Call: 215-238-0230 | Text: 215-694-3678 YouTube: https://youtube.com/
Member of: • National Association of Tax Professionals • Pennsylvania Society of Tax & Accounting Professionals

30 min with Walter Kwong Decision

Our Ride United Micro Grants will be closing THIS FRIDAY, May 29. Eligible transportation support may include, but is not limited to, rideshare vouchers, bus passes, bicycle purchases, gas cards, and transportation-related repairs. All funded solutions must directly support access to reliable transportation needed to get to work or participate in workforce training.

To apply before the grant closes, please visit https://www.unitedway-york.org/transportation-programs

Classes start May 26
⸻

💼 Looking for a Flexible Way to Earn Extra Income?

If you’re interested in becoming a paid tax preparer, this class is for you!

✅ Great side hustle during tax season
✅ Learn skills you can use year after year
✅ Work from home and set your own schedule
✅ Opportunity to grow into a full-time self-employed business
✅ Many tax firms also hire trained preparers to work remotely from home

In our Tax Preparation 101 Course, you’ll learn how to prepare individual tax returns, understand tax forms, deductions, credits, and the fundamentals needed to begin working as a tax preparer.

📚 16 Hours of IRS-Approved Continuing Education Credits (Federal Tax Law Topics)
🖥️ Live Online Training
👨‍🏫 Instructor: Walter Boone-Moyer
🏢 The Bottom Line, Inc.
📅 Class Starts May 26

Whether you’re looking for extra income, a new career path, or a business you can run from home, this course will give you a solid foundation to get started.

📞 Reserve your seat today!

Register Here:
Tax Prep 101 Registration

https://calendly.com/apptstbl/taxprep101?back=1&month=2026-05

Or register for all 4 classes 

https://calendly.com/apptstbl

Walter Moyer Welcome to my scheduling page. Please follow the instructions to add an event to my calendar.

💼 Looking for a Flexible Way to Earn Extra Income?

If you’re interested in becoming a paid tax preparer, this class is for you!

✅ Great side hustle during tax season
✅ Learn skills you can use year after year
✅ Work from home and set your own schedule
✅ Opportunity to grow into a full-time self-employed business
✅ Many tax firms also hire trained preparers to work remotely from home

In our Tax Preparation 101 Course, you’ll learn how to prepare individual tax returns, understand tax forms, deductions, credits, and the fundamentals needed to begin working as a tax preparer.

📚 16 Hours of IRS-Approved Continuing Education Credits (Federal Tax Law Topics)
🖥️ Live Online Training
👨‍🏫 Instructor: Walter Boone-Moyer
🏢 The Bottom Line, Inc.
📅 Class Starts May 26

Whether you’re looking for extra income, a new career path, or a business you can run from home, this course will give you a solid foundation to get started.

📞 Reserve your seat today!

Register Here:
Tax Prep 101 Registration

https://calendly.com/apptstbl/taxprep101?utm_source=chatgpt.com&month=2026-05

calendly.com

Want to learn how taxes really work?

The Bottom Line Inc is offering online tax classes this summer!

Whether you want to start a side income preparing taxes, better understand your personal or business taxes, or improve your current skills and knowledge—these programs are for you:

• Tax Prep 101—Tuesdays & Thursdays, 6-8pm, 8 sessions starting May 26, $160
• Advanced Tax Strategies—Tuesdays & Thursdays, 6-8pm, 8 sessions starting July 7, $160
• Pennsylvania Tax Training—Tuesday, August 18, 6-8pm, $25
• Philadelphia Business Taxes (BIRT & NPT)—Thursday, August 20, 6-8pm, $25

Classes feature
* Live instruction
* Learn from anywhere

Limited seats available. No experience needed for Tax Prep 101

Register for Tax Prep 101: https://calendly.com/apptstbl/taxprep101

Or enroll in all four classes at a discounted rate: $320!
https://calendly.com/apptstbl/advanced-tax-prep-clone-2

Take control of your financial future this summer!

Looking to build a new stream of income or explore a rewarding opportunity this year?

Start with a skill that’s always in demand—TAX PREPARATION.

Join The Bottom Line Inc.'s upcoming TAX PREP 101 course this May and June and gain practical, real-world knowledge you can use right away. This live, online program includes 8 interactive sessions held Tuesdays and Thursdays from 6–8 PM (Eastern Time) via Zoom.

TAX PREP 101, online
May 26-June 18
Tuesdays & Thursdays
6-8pm Eastern Time
$160

Facilitated by seasoned tax professional Wally Moyer—bringing over 30 years of expertise in tax accounting, strategy and mentoring—this course offers hands-on instruction designed to help you confidently prepare tax returns and start earning income.
Spots are limited, so don’t wait to secure yours.

Register today and choose Tax Prep 101: https://calendly.com/apptstbl/taxprep101

or take advantage of bundled savings by enrolling in all four of our tax prep courses: • TAX PREP 101• ADVANCED TAX PREP• PA TAX PREP• PHILADELPHIA TAX PREP https://calendly.com/apptstbl/advanced-tax-prep-clone-2

Invest in your future. Learn a valuable skill. Start earning.