What is IRS Form 872?

Let’s say you’ve filed back taxes for years and received a request in the mail from the IRS for additional time to process and review your returns. The form issued to you is IRS Form 872- Consent to Extend Time to Assess Tax, one of the many examples of an IRS statute of limitations. This statute of limitations is designed to ensure the timely assessment and examination of tax returns. U.S. law grants the IRS the authority to extend the time in which they’re allotted to complete a return, however, the taxpayer must consent to the requested extension.

IRS Form 872 Instructions

Form 872 is fortunately very straightforward, simply requesting your taxpayer identification number (TIN), name, address, and signature. The form will reveal the federal tax due, an expiration date, and your rights as a taxpayer. As with anything requiring your signature, you should carefully assess the terms and conditions you are agreeing to before signing and sending.

Because there are so many different types of tax-filing statuses and forms, it’s important to understand how your particular situation should be handled when dealing with IRS Form 872. We’ve broken it down simply by status for you to best assess your tax responsibilities:

For individuals: Simply sign the signature line.

For joint-filers: Both husband and wife must sign the signature line.

For decedents: Form 872 should be signed by the executor, administrator, or personal representative of the decedent’s estate.

For corporations: Form 872 should be signed with the corporate name, followed by the signature of either the president, vice-president, treasurer, assistant-treasurer, chief accounting officer, or any other officer legally authorized to do so. It does not matter whether or not the signee of Form 872 signed the original return.

IRS Form 872: What Are My Rights as a Taxpayer?

According to the IRS “You have the right to refuse to extend the period of limitations or limit this extension to a mutually agreed-upon issue(s) or mutually agreed-upon period of time.” IRS Publication 1035 plainly states that should you refuse to sign your consent, the IRS will “ take steps that will allow [them] to assess any tax [they] determine to be due.”

The first step taken after your refusal is the issuance of a Notice of Deficiency or a Notice of Employment Tax Determination Under IRC § 7436. Neither of these notices require that make an immediate payment or take your case to court, rather it gives you 90 days to either agree with the tax liability or deficiency, or to file a petition with U.S. Tax Court for a reassessment of the proposed liability or deficiency.

What Happens if I Take My Case to Court?

In the event that you decide to take your case to the United States Tax Court, you will be granted the opportunity for a pretrial settlement. If an agreement cannot be reached during the pretrial, the case will be escalated into a court hearing.

En un caso reciente en la corte, un auditor recibió un Formulario 872 de un contribuyente que estaba incorrectamente llenado con el año fiscal equivocado. El IRS emitió un aviso de propuesta de liquidación, pero se hizo más allá del estatuto original de tres años, pero antes de la fecha de expiración que figuraba en el Formulario 872. Ese contribuyente trató de reclamar que la propuesta de acotación estaba prohibida por el estatuto de limitaciones ya que el formulario no tenía el año fiscal sujeto correcto.

La corte falló a favor del gobierno, pero indicó que el contribuyente, así como el IRS, cometieron el error en que ambos pensaron que ese Formulario 872 se aplicaba a ese año fiscal bajo auditoría. La corte fiscal reformó el Formulario 872 para que se aplicara al año correcto que el IRS pretendía auditar.

La Corte Fiscal formuló la hipótesis de que un resultado diferente podría haber resultado si el contribuyente se hubiera dado cuenta del error del IRS en el Formulario 872 pero lo hubiera firmado de todos modos, y hubiera podido probar de algún modo que ese era el caso.

IRS Form 872: Let Us Help

Do you have any additional questions relating to the IRS Statute of Limitations, IRS Form 872, and how either could possibly affect you? Contact Community Tax to find out how we can help you with any and all of your questions. Call us at (844) 255-1196 to speak with a professional today.

What is IRS Form 872?

Let’s say you’ve filed back taxes for years and received a request in the mail from the IRS for additional time to process and review your returns. The form issued to you is IRS Form 872- Consent to Extend Time to Assess Tax, one of the many examples of an IRS statute of limitations. This statute of limitations is designed to ensure the timely assessment and examination of tax returns. U.S. law grants the IRS the authority to extend the time in which they’re allotted to complete a return, however, the taxpayer must consent to the requested extension.

IRS Form 872 Instructions

Form 872 is fortunately very straightforward, simply requesting your taxpayer identification number (TIN), name, address, and signature. The form will reveal the federal tax due, an expiration date, and your rights as a taxpayer. As with anything requiring your signature, you should carefully assess the terms and conditions you are agreeing to before signing and sending.

Because there are so many different types of tax-filing statuses and forms, it’s important to understand how your particular situation should be handled when dealing with IRS Form 872. We’ve broken it down simply by status for you to best assess your tax responsibilities:

For individuals: Simply sign the signature line.

For joint-filers: Both husband and wife must sign the signature line.

For decedents: Form 872 should be signed by the executor, administrator, or personal representative of the decedent’s estate.

For corporations: Form 872 should be signed with the corporate name, followed by the signature of either the president, vice-president, treasurer, assistant-treasurer, chief accounting officer, or any other officer legally authorized to do so. It does not matter whether or not the signee of Form 872 signed the original return.

IRS Form 872: What Are My Rights as a Taxpayer?

According to the IRS “You have the right to refuse to extend the period of limitations or limit this extension to a mutually agreed-upon issue(s) or mutually agreed-upon period of time.” IRS Publication 1035 plainly states that should you refuse to sign your consent, the IRS will “ take steps that will allow [them] to assess any tax [they] determine to be due.”

The first step taken after your refusal is the issuance of a Notice of Deficiency or a Notice of Employment Tax Determination Under IRC § 7436. Neither of these notices require that make an immediate payment or take your case to court, rather it gives you 90 days to either agree with the tax liability or deficiency, or to file a petition with U.S. Tax Court for a reassessment of the proposed liability or deficiency.

What Happens if I Take My Case to Court?

In the event that you decide to take your case to the United States Tax Court, you will be granted the opportunity for a pretrial settlement. If an agreement cannot be reached during the pretrial, the case will be escalated into a court hearing.

En un caso reciente en la corte, un auditor recibió un Formulario 872 de un contribuyente que estaba incorrectamente llenado con el año fiscal equivocado. El IRS emitió un aviso de propuesta de liquidación, pero se hizo más allá del estatuto original de tres años, pero antes de la fecha de expiración que figuraba en el Formulario 872. Ese contribuyente trató de reclamar que la propuesta de acotación estaba prohibida por el estatuto de limitaciones ya que el formulario no tenía el año fiscal sujeto correcto.

La corte falló a favor del gobierno, pero indicó que el contribuyente, así como el IRS, cometieron el error en que ambos pensaron que ese Formulario 872 se aplicaba a ese año fiscal bajo auditoría. La corte fiscal reformó el Formulario 872 para que se aplicara al año correcto que el IRS pretendía auditar.

La Corte Fiscal formuló la hipótesis de que un resultado diferente podría haber resultado si el contribuyente se hubiera dado cuenta del error del IRS en el Formulario 872 pero lo hubiera firmado de todos modos, y hubiera podido probar de algún modo que ese era el caso.

IRS Form 872: Let Us Help

Do you have any additional questions relating to the IRS Statute of Limitations, IRS Form 872, and how either could possibly affect you? Contact Community Tax to find out how we can help you with any and all of your questions. Call us at (844) 255-1196 to speak with a professional today.

Obtenga una consulta personal.

Al ingresar su número de teléfono y haciendo clic en el botón de "Comenzar", usted está proporcionando su firma electrónica y consentimiento para que Community Tax LLC y/o sus proveedores de servicios le contacten al número telefónico que nos proporcionó para brindarle información y ofertas usando un sistema automatizado, mensajes pre-grabados, y/o mensajes de texto. El otorgarnos su consentimiento no forma parte de los requisitos para comprar nuestros servicios. Costos adicionales por mensajes y datos pueden aplicar.

Related Reading

What is IRS Form 872?

Let’s say you’ve filed back taxes for years and received a request in the mail from the IRS for additional time to process and review your returns. The form issued to you is IRS Form 872- Consent to Extend Time to Assess Tax, one of the many examples of an IRS statute of limitations. This statute of limitations is designed to ensure the timely assessment and examination of tax returns. U.S. law grants the IRS the authority to extend the time in which they’re allotted to complete a return, however, the taxpayer must consent to the requested extension.

IRS Form 872 Instructions

Form 872 is fortunately very straightforward, simply requesting your taxpayer identification number (TIN), name, address, and signature. The form will reveal the federal tax due, an expiration date, and your rights as a taxpayer. As with anything requiring your signature, you should carefully assess the terms and conditions you are agreeing to before signing and sending.

Because there are so many different types of tax-filing statuses and forms, it’s important to understand how your particular situation should be handled when dealing with IRS Form 872. We’ve broken it down simply by status for you to best assess your tax responsibilities:

For individuals: Simply sign the signature line.

For joint-filers: Both husband and wife must sign the signature line.

For decedents: Form 872 should be signed by the executor, administrator, or personal representative of the decedent’s estate.

For corporations: Form 872 should be signed with the corporate name, followed by the signature of either the president, vice-president, treasurer, assistant-treasurer, chief accounting officer, or any other officer legally authorized to do so. It does not matter whether or not the signee of Form 872 signed the original return.

IRS Form 872: What Are My Rights as a Taxpayer?

According to the IRS “You have the right to refuse to extend the period of limitations or limit this extension to a mutually agreed-upon issue(s) or mutually agreed-upon period of time.” IRS Publication 1035 plainly states that should you refuse to sign your consent, the IRS will “ take steps that will allow [them] to assess any tax [they] determine to be due.”

The first step taken after your refusal is the issuance of a Notice of Deficiency or a Notice of Employment Tax Determination Under IRC § 7436. Neither of these notices require that make an immediate payment or take your case to court, rather it gives you 90 days to either agree with the tax liability or deficiency, or to file a petition with U.S. Tax Court for a reassessment of the proposed liability or deficiency.

What Happens if I Take My Case to Court?

In the event that you decide to take your case to the United States Tax Court, you will be granted the opportunity for a pretrial settlement. If an agreement cannot be reached during the pretrial, the case will be escalated into a court hearing.

En un caso reciente en la corte, un auditor recibió un Formulario 872 de un contribuyente que estaba incorrectamente llenado con el año fiscal equivocado. El IRS emitió un aviso de propuesta de liquidación, pero se hizo más allá del estatuto original de tres años, pero antes de la fecha de expiración que figuraba en el Formulario 872. Ese contribuyente trató de reclamar que la propuesta de acotación estaba prohibida por el estatuto de limitaciones ya que el formulario no tenía el año fiscal sujeto correcto.

La corte falló a favor del gobierno, pero indicó que el contribuyente, así como el IRS, cometieron el error en que ambos pensaron que ese Formulario 872 se aplicaba a ese año fiscal bajo auditoría. La corte fiscal reformó el Formulario 872 para que se aplicara al año correcto que el IRS pretendía auditar.

La Corte Fiscal formuló la hipótesis de que un resultado diferente podría haber resultado si el contribuyente se hubiera dado cuenta del error del IRS en el Formulario 872 pero lo hubiera firmado de todos modos, y hubiera podido probar de algún modo que ese era el caso.

IRS Form 872: Let Us Help

Do you have any additional questions relating to the IRS Statute of Limitations, IRS Form 872, and how either could possibly affect you? Contact Community Tax to find out how we can help you with any and all of your questions. Call us at (844) 255-1196 to speak with a professional today.

What is IRS Form 872?

Let’s say you’ve filed back taxes for years and received a request in the mail from the IRS for additional time to process and review your returns. The form issued to you is IRS Form 872- Consent to Extend Time to Assess Tax, one of the many examples of an IRS statute of limitations. This statute of limitations is designed to ensure the timely assessment and examination of tax returns. U.S. law grants the IRS the authority to extend the time in which they’re allotted to complete a return, however, the taxpayer must consent to the requested extension.

IRS Form 872 Instructions

Form 872 is fortunately very straightforward, simply requesting your taxpayer identification number (TIN), name, address, and signature. The form will reveal the federal tax due, an expiration date, and your rights as a taxpayer. As with anything requiring your signature, you should carefully assess the terms and conditions you are agreeing to before signing and sending.

Because there are so many different types of tax-filing statuses and forms, it’s important to understand how your particular situation should be handled when dealing with IRS Form 872. We’ve broken it down simply by status for you to best assess your tax responsibilities:

For individuals: Simply sign the signature line.

For joint-filers: Both husband and wife must sign the signature line.

For decedents: Form 872 should be signed by the executor, administrator, or personal representative of the decedent’s estate.

For corporations: Form 872 should be signed with the corporate name, followed by the signature of either the president, vice-president, treasurer, assistant-treasurer, chief accounting officer, or any other officer legally authorized to do so. It does not matter whether or not the signee of Form 872 signed the original return.

IRS Form 872: What Are My Rights as a Taxpayer?

According to the IRS “You have the right to refuse to extend the period of limitations or limit this extension to a mutually agreed-upon issue(s) or mutually agreed-upon period of time.” IRS Publication 1035 plainly states that should you refuse to sign your consent, the IRS will “ take steps that will allow [them] to assess any tax [they] determine to be due.”

The first step taken after your refusal is the issuance of a Notice of Deficiency or a Notice of Employment Tax Determination Under IRC § 7436. Neither of these notices require that make an immediate payment or take your case to court, rather it gives you 90 days to either agree with the tax liability or deficiency, or to file a petition with U.S. Tax Court for a reassessment of the proposed liability or deficiency.

What Happens if I Take My Case to Court?

In the event that you decide to take your case to the United States Tax Court, you will be granted the opportunity for a pretrial settlement. If an agreement cannot be reached during the pretrial, the case will be escalated into a court hearing.

En un caso reciente en la corte, un auditor recibió un Formulario 872 de un contribuyente que estaba incorrectamente llenado con el año fiscal equivocado. El IRS emitió un aviso de propuesta de liquidación, pero se hizo más allá del estatuto original de tres años, pero antes de la fecha de expiración que figuraba en el Formulario 872. Ese contribuyente trató de reclamar que la propuesta de acotación estaba prohibida por el estatuto de limitaciones ya que el formulario no tenía el año fiscal sujeto correcto.

La corte falló a favor del gobierno, pero indicó que el contribuyente, así como el IRS, cometieron el error en que ambos pensaron que ese Formulario 872 se aplicaba a ese año fiscal bajo auditoría. La corte fiscal reformó el Formulario 872 para que se aplicara al año correcto que el IRS pretendía auditar.

La Corte Fiscal formuló la hipótesis de que un resultado diferente podría haber resultado si el contribuyente se hubiera dado cuenta del error del IRS en el Formulario 872 pero lo hubiera firmado de todos modos, y hubiera podido probar de algún modo que ese era el caso.

IRS Form 872: Let Us Help

Do you have any additional questions relating to the IRS Statute of Limitations, IRS Form 872, and how either could possibly affect you? Contact Community Tax to find out how we can help you with any and all of your questions. Call us at (844) 255-1196 to speak with a professional today.

Obtenga una consulta personal.

Al ingresar su número de teléfono y haciendo clic en el botón de "Comenzar", usted está proporcionando su firma electrónica y consentimiento para que Community Tax LLC y/o sus proveedores de servicios le contacten al número telefónico que nos proporcionó para brindarle información y ofertas usando un sistema automatizado, mensajes pre-grabados, y/o mensajes de texto. El otorgarnos su consentimiento no forma parte de los requisitos para comprar nuestros servicios. Costos adicionales por mensajes y datos pueden aplicar.