The Internal Revenue Service issued a statement today announcing forthcoming guidance to corporations on filing refund claims under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and advising taxpayers to "await further instruction before utilizing traditional processes."

The full text of the statement is posted here and below:

IRS Statement on Filing Corporate Refund Claims

April 8, 2020

The IRS is aware that there are questions from practitioners and taxpayers on the filing of corporate and/or individual refund claims that may be available under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The IRS is currently exploring available options and expects to issue filing instructions in the coming days. The IRS recommends that taxpayers await further instruction before utilizing traditional processes. Additional information will be posted to irs.gov.

Miller & Chevalier Coronavirus Task Force
The outbreak of COVID-19 is creating significant business and legal challenges for companies throughout the world. In response to client demand, the firm has formed an interdisciplinary task force to help businesses navigate these issues.

COVID-19 Resource Library
We also maintain a resource library of legislative responses and regulatory guidance related to COVID-19.

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