IRS Extending the Tax Assessment Period  Your Available Options (Part II)  When asked to sign the consent extending the statutory period, you have three options with rights and alternatives for each. You have the right to:  · Refuse to sign the consent –Taxes other than certain employment taxes and certain miscellaneous excise taxes. If you…

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IRS Extending the Tax Assessment Period Your Available Options  (Part I) When asked to sign the consent extending the statutory period, you have three options with rights and alternatives for each. You have the right to: Sign an unconditional consent (a fixed-date or open-ended consent that does not limit the examination or appeal activities to…

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IRS Extending the Tax Assessment Period Restricted Consents  (Part II) A restricted consent is used to allow the assessment statute to expire on the normal or previously extended statute expiration date with regard to items on the return except those covered by the restrictive language. The consent should be prepared by the Service, and not…

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IRS Extending the Tax Assessment Period Restricted Consents  (Part I) In addition to extending the length of the assessment statutory period, consent agreements may also limit further examination or appeal activities to specific tax issues. These agreements are called “restricted consents” and have either a fixed or open-ended date of expiration. It is the Service’s…

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