What is 872 Form?
872 Form is a document used by the Internal Revenue Service (IRS) in the United States. It is commonly known as the Consent to Extend the Time to Assess Tax form. This form is used when an individual or business needs more time to file their tax returns, and the IRS grants an extension for assessment.
What are the types of 872 Form?
There are two types of 872 Forms: 1. Individual 872 Form: This form is used by individuals who require an extension to file their personal tax returns. 2. Business 872 Form: This form is used by businesses and organizations that need extra time to file their business tax returns.
How to complete 872 Form
Completing the 872 Form is a straightforward process. Follow these steps to ensure accuracy and efficiency:
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