Get the free Form 872

This form allows taxpayers to consent to extend the time the Internal Revenue Service has to assess federal taxes. It includes sections for taxpayer signatures and instructions for different scenarios

How to fill out form 872

How to fill out Form 872

1. Gather necessary information such as your name, address, and taxpayer identification number.
2. Obtain a copy of Form 872 from the IRS website or an official source.
3. Complete the top section of the form with your personal and tax information.
4. In the middle section, clearly state the purpose for which you are signing the form.
5. Sign and date the form at the designated areas.
6. Submit the completed form to the appropriate IRS office.

Who needs Form 872?

1. Taxpayers who require an extension of time to assess additional tax liabilities.
2. Individuals or businesses under audit or review by the IRS.
3. Taxpayers wishing to authorize the IRS to extend the statute of limitations on tax assessment.

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 a written agreement between a taxpayer and the IRS that allows the IRS to extend the period of time for the IRS to assess additional tax.

Who is required to file Form 872?

Form 872 is typically filed by taxpayers who have unresolved tax issues with the IRS and wish to extend the statute of limitations for the IRS to assess additional tax.

How to fill out Form 872?

To fill out Form 872, a taxpayer needs to provide their name, address, taxpayer identification number, the type of tax, and the tax periods for which the extension applies, along with their signature and date.

What is the purpose of Form 872?

The purpose of Form 872 is to provide a mechanism for taxpayers and the IRS to mutually agree on extending the time for the IRS to assess additional taxes, often to allow for further review or negotiation of tax issues.

What information must be reported on Form 872?

The information that must be reported on Form 872 includes the taxpayer's identification details, the specific tax type and periods, and the agreement between the taxpayer and the IRS regarding the extension period.