Get the free Form 872

This form is used by taxpayers to consent to extend the period for the Internal Revenue Service to assess Federal tax due on tax returns. It includes sections for taxpayer identification, signatures,

How to fill out form 872

How to fill out Form 872

1. Obtain Form 872 from the IRS website or other official sources.
2. Fill out the top section with your name, address, and the name of the taxpayer if you're completing it on their behalf.
3. Specify the tax year or tax period for which you are requesting an extension.
4. Indicate the type of tax involved (such as income tax, employment tax, etc.).
5. Fill out the date the form is being signed.
6. Sign the form and provide your title if you're signing on behalf of a business or organization.
7. Make photocopies of the completed form for your records.
8. Submit Form 872 to the appropriate IRS office by mail or fax, as indicated in the instructions.

Who needs Form 872?

1. Taxpayers who need to extend the statute of limitations on the assessment or collection of tax.
2. Individuals or businesses who are in the process of resolving tax issues with the IRS.
3. Tax practitioners who are representing clients and need to formalize the arrangement for extending time limits.

People Also Ask about

What if my current address is different from my W2?

What should I do if the address on my W-2 is different than the mailing address on my tax return? Use the address shown on your W-2 for entering your W-2 information. It doesn't matter if it's different than the mailing address you will use on your tax return.

What do I do if I have the wrong address on my tax return?

To correct the address for an Individual (1040) return, fill out the IRS Change of Address Form 8822. To correct a Business address, fill out the IRS Change of Address Form 8822-B.

How long does the IRS have to assess a deficiency?

The IRS can usually assess tax, by law, within 3 years after your return was due, including extensions, or – if you filed late – within 3 years after we received your return, whichever is later. This time period is called the Assessment Statute Expiration Date (ASED).

Can I submit form 8822-b online?

Going forward, organizations must report changes in the “responsible party” within 60 days. The form is not difficult and a sample is available (click here). Currently the form cannot be filed electronically. The instructions for the Form 8822-B provide the following guidance.

What is the purpose of the IRS form 872?

What is Form 872? Form 872 is a simple form invoice in which the Taxpayer agrees to extend the statute of limitations through the following year (usually), to allow the IRS sufficient time to work the case. They are commonplace in nearly all VDP cases.

What is the purpose of form 870?

Form 870 and Form 870-AD are used in the settlement of non-docketed cases in Tax Appeals. The basic Form 870 is typically used where a mutual concession settlement is not involved, or if there is a mutual concession settlement, the amount of the settlement is not significant enough to use a Form 870-AD.

What form do I need to change my address with the IRS?

You can use Form 8822 to notify the Internal Revenue Service if you changed your home mailing address. If this change also affects the mailing address for your children who filed income tax returns, complete and file a separate Form 8822 for each child.

Can form 8822b be electronically signed?

Submitting Form 8822-B to the IRS Currently, the IRS doesn't allow business owners to file Form 8822-B electronically. This means you can only do so by mail.

For pdfFiller’s FAQs

What is Form 872?

Form 872 is the Internal Revenue Service (IRS) form used to request an extension of time for filing tax returns or to extend the statute of limitations on the assessment or collection of taxes.

Who is required to file Form 872?

Taxpayers who wish to extend the period for the IRS to assess or collect taxes must file Form 872. This may include individuals or businesses who need more time to resolve discrepancies or disputes with the IRS.

How to fill out Form 872?

To fill out Form 872, taxpayers must provide their name, address, taxpayer identification number, and the tax year for which the extension is requested. They must also indicate the extended time period being requested and any additional information required by the form.

What is the purpose of Form 872?

The purpose of Form 872 is to formally request an extension of time during which the IRS can assess or collect taxes, ensuring that taxpayers can address any concerns or negotiate issues with the IRS without the immediate pressure of deadlines.

What information must be reported on Form 872?

Form 872 must report the taxpayer's name, address, taxpayer identification number, the specific tax year in question, and any relevant information related to the position taken by the taxpayer regarding the assessment or collection of taxes.