On April 3, 2024, Luis filed his 2023 income tax return, which showed a tax due of $75,000. On June 1, 2026, he filed an amended return for 2023 that showed an additional tax of $10,000. Luis paid the additional amount. On May 18, 2027, Luis filed a claim for a 2023 refund of $25,000.
a. If Luis's claim for a refund is correct in amount, how much tax will he recover?
$
b. What is the period that government-paid interest runs with respect to Luis's claim for a refund?
If the refund is not made by July 2, 2027, interest accrues from through the refund payment date.
c. How would you have advised him differently?
The refund claim should have been filed by , to allow a refund of $ and interest thereon.
