Get the free Form 872

This form is a consent agreement between the taxpayer and the IRS to extend the time for the assessment of federal taxes. It details the taxpayer's identification, the type of tax, and the expiration

How to fill out form 872

How to fill out Form 872

1. Obtain Form 872 from the IRS website or local IRS office.
2. Fill in the taxpayer's name and address in the designated fields.
3. Indicate the type of tax to which the agreement applies (e.g., income tax, estate tax).
4. Enter the tax year(s) for which the agreement is being made.
5. Provide the taxpayer’s taxpayer identification number (TIN) or Social Security number (SSN).
6. Specify the date of the agreement, which is usually the date you’re filling out the form.
7. Ensure all required signatures are completed, including the taxpayer's and the IRS representative's.
8. Review the entire form for accuracy before submission.
9. Submit the completed form to the appropriate IRS office.

Who needs Form 872?

1. Taxpayers who want to extend the statute of limitations on the assessment of tax due.
2. Individuals or businesses involved in an audit or examination process with the IRS.
3. Taxpayers seeking to formalize an agreement with the IRS regarding their tax liabilities.

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 consent form used by the Internal Revenue Service (IRS) allowing taxpayers to extend the time period during which the IRS can assess additional taxes or issue refunds.

Who is required to file Form 872?

Taxpayers who wish to extend the statute of limitations for the assessment of taxes or to resolve any discrepancies with the IRS may be required to file Form 872.

How to fill out Form 872?

To fill out Form 872, the taxpayer must provide their name, address, social security number, the tax year(s) being considered, and the signature of the taxpayer, as well as any authorized representatives.

What is the purpose of Form 872?

The purpose of Form 872 is to formally consent to the extension of the statute of limitations on the assessment of taxes, thereby allowing the IRS additional time to evaluate a taxpayer's return.

What information must be reported on Form 872?

Form 872 requires reporting of the taxpayer's contact information, the specific years for which the consent is given, and signatures from the taxpayer and any authorized representative.