Signing this consent will not deprive you of any appeal rights to which you would otherwise be entitled. Space for signature is on the back of this form and signature instructions are attached Catalog Number 20755I www.irs.gov Form 872 Rev. 1-2014 Period Ending SIGNING THIS CONSENT WILL NOT DEPRIVE THE TAXPAYER S OF ANY APPEAL RIGHTS TO WHICH THEY WOULD OTHERWISE BE ENTITLED. R.C. 6501 c 4 B. INTERNAL REVENUE SERVICE SIGNATURE AND TITLE IRS Official s Name - see instructions IRS Official s Title...- see instructions Instructions If this consent is for Income tax self-employment tax or FICA tax on tips and is made for any year s for which a joint return was filed both husband and wife must sign the original and copy of this form unless one acting under a power of attorney signs as agent for the other. The signatures must match the names as they appear on the front of this form. Gift tax and the donor and the donor s spouse elected to have gifts to third persons considered as made one-half...by each both husband and wife must sign the original and copy of this form unless one acting under a power of attorney signs as agent for the other. The signatures must match the names as they appear on the front of this form. Chapter 41 42 or 43 taxes involving a partnership or is for a partnership return only one authorized partner need sign. Chapter 42 taxes a separate Form 872 should be completed for each potential disqualified person entity or foundation manager that may be involved in a...taxable transaction during the related tax year. The signatures must match the names as they appear on the front of this form. Chapter 41 42 or 43 taxes involving a partnership or is for a partnership return only one authorized partner need sign. Chapter 42 taxes a separate Form 872 should be completed for each potential disqualified person entity or foundation manager that may be involved in a taxable transaction during the related tax year. See Revenue Ruling 75-391 1975-2C. B 446. If you are...an attorney or agent of the taxpayer s you may sign the consent provided the action is specifically authorized by a power of attorney. If the power of attorney was not previously filed you must include it with this form. If you are acting as a fiduciary such as executor administrator trustee etc. and you sign this consent attach Form 56 Notice Concerning Fiduciary Relationship unless it was previously filed. If the taxpayer is a corporation sign this consent with the corporate name followed by...the signature and title of the officer s authorized to sign. Complete the delegated IRS official s name and title of the employee who is signing the form on behalf of the IRS. An IRS official delegated authority under Delegation Order 25-2 must sign and date the consent. Department of the Treasury-Internal Revenue Service Form Rev* January 2014 In reply refer to Consent to Extend the Time to Assess Tax TIN Name s taxpayer s of Address and the Commissioner of Internal Revenue consent and agree to...the following 1 The amount of any Federal income tax due on any return s made by or Kind of tax for the above taxpayer s for the period s ended may be assessed at any time on or before December 31 20.
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Instructions and Help about IRS 872
How to edit IRS 872
How to fill out IRS 872
Instructions and Help about IRS 872
How to edit IRS 872
Editing IRS Form 872 is a straightforward process. To modify this form, you need access to a digital version. With tools like pdfFiller, you can easily make corrections by uploading the completed form and utilizing editing features to change any necessary details. Ensure all changes are saved before final submission.
How to fill out IRS 872
To fill out IRS Form 872, follow these steps carefully:
01
Review the instructions accompanying the form to gather required information.
02
Provide your name, address, and identifying information in the designated fields.
03
Complete the relevant sections regarding the tax matters under discussion.
04
Sign and date the form as required.
05
Double-check all entries for accuracy before submission.
Latest updates to IRS 872
Latest updates to IRS 872
The IRS periodically updates Form 872 to reflect changes in tax laws or procedures. As of the latest revision, ensure you are using the most current version by checking the IRS website or utilizing forms available through reliable sources like pdfFiller.
All You Need to Know About IRS 872
What is IRS 872?
What is the purpose of this form?
Who needs the form?
When am I exempt from filling out this form?
Components of the form
What are the penalties for not issuing the form?
What information do you need when you file the form?
Is the form accompanied by other forms?
Where do I send the form?
All You Need to Know About IRS 872
What is IRS 872?
IRS Form 872 is a tax form used by the IRS to secure a taxpayer’s consent to extend the statute of limitations on their tax return. This consent allows the IRS to continue assessing taxes for a longer period if necessary.
What is the purpose of this form?
The main purpose of IRS Form 872 is to obtain formal agreement from a taxpayer to extend the time the IRS has to assess and collect taxes. This is typically necessary when the IRS needs additional time to investigate complex tax issues or when partial assessments occur.
Who needs the form?
Taxpayers who might need to complete IRS Form 872 include individuals or entities who have received a request from the IRS for extending the assessment period on their tax returns. If you are involved in a tax audit or have unresolved tax issues, the IRS may require you to sign this form.
When am I exempt from filling out this form?
Taxpayers may be exempt from completing IRS Form 872 if they do not receive a request for an extension from the IRS or if their cases are resolved within the standard statute of limitations period. For most taxpayers, this period is generally three years from the filing date of the return.
Components of the form
IRS Form 872 consists of several key components, including fields for taxpayer identification, signature areas, and statements outlining the terms of the extension. Each section must be accurately completed to ensure valid acceptance by the IRS.
What are the penalties for not issuing the form?
If a taxpayer fails to issue IRS Form 872 when requested, it may lead to the IRS proceeding with assessments and collections without the taxpayer's input. Additionally, the absence of formal consent could result in complications, including potential penalties or interest on unpaid taxes.
What information do you need when you file the form?
When filing IRS Form 872, you will need the following information:
01
Your name and taxpayer identification number.
02
The tax periods for which you are granting an extension.
03
A valid signature and date on the form.
It is crucial to provide accurate and complete information to avoid delays in processing.
Is the form accompanied by other forms?
IRS Form 872 is often filed alone; however, it might accompany other forms if specifically instructed by the IRS. Always check for any additional documentation requirements listed in the IRS correspondence regarding your tax situation.
Where do I send the form?
Completed IRS Form 872 should be sent to the address specified in the instructions that accompany the form or the correspondence you received from the IRS. Ensure that the form is mailed to the correct location to avoid any processing delays.
FAQ about IRS 872
What steps should I take if I discover an error in my IRS 872 after submission?
If you find an error in your IRS 872 after it has been submitted, you should file an amended form to correct the mistake. It's important to provide clear explanations for the changes made, along with supporting documentation. Be aware of the deadlines for amendments to ensure compliance and avoid potential penalties.
How can I verify if my IRS 872 has been received and processed?
To verify the status of your IRS 872, you can check online through the IRS tracking system, if available, or contact the IRS directly. Be sure to have your submission details handy for quick identification. Common e-file rejection codes can also provide insights if there are issues with your submission.
What should I do if I receive a notice or letter from the IRS regarding my IRS 872?
If you receive an IRS notice or letter related to your IRS 872, carefully read the communication to understand the IRS's request or concern. Prepare any requested documentation and respond promptly to avoid further complications. It's advisable to keep copies of all correspondence for your records.
Are there specific technical requirements I should be aware of for e-filing the IRS 872?
When e-filing the IRS 872, ensure your software or browser meets the IRS's technical requirements. This usually includes using supported file formats and ensuring your internet connection is stable. Checking for system compatibility can help prevent submission issues.
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