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HIGHLIGHTS OF THIS ISSUE These synopses are intended only as aids to the reader in identifying the subject covered. They may not be relied upon as authoritative interpretations. INCOME TAX Action
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Nonacquiescence to form holding is a formal statement by a taxpayer indicating disagreement with a tax authority's determination regarding a specific tax form.
Individuals or businesses who disagree with a tax authority's determination on a specific tax form are required to file nonacquiescence to form holding.
Nonacquiescence to form holding can be filled out by providing detailed reasons for the disagreement with the tax authority's determination on the specific tax form.
The purpose of nonacquiescence to form holding is to formally notify the tax authority of the taxpayer's disagreement and to preserve the taxpayer's rights for further review or appeal.
Nonacquiescence to form holding must include the taxpayer's identifying information, the specific tax form in question, detailed reasons for the disagreement, and any relevant supporting documentation.
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