IRS Extending the Tax Assessment Period 

Jeopardy Assessment (Part I) 

Jeopardy assessments are made when the Service believes that collection of a proposed deficiency or employment tax liability will be endangered if the IRS follows their regular procedures (see Internal Revenue Code Sections 6861 and 6862). Jeopardy assessments are used sparingly and only when necessary to protect the government’s interest. Each jeopardy assessment must receive the approval of a designated Service official. In addition, written approval from IRS Counsel (or delegate) is required. (Continued in the next Tuesday Tax Tip) 

IRS Publication 1035 (TTT 06/08/21 & 06/15/21)