Suspension of IRS interest and penalties - John R. Dundon II, Enrolled Agent
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Suspension of IRS interest and penalties

Suspension of IRS interest and penalties

Generally the IRS has 3 years from the date you filed your return or the date the return was due to assess any additional tax.  However if you timely file your tax return interest and certain penalties will be suspended if the IRS does not mail a notice to you within a 36 month period beginning on the date in which you filed your tax return or the due date of the return.  In the letter or notice from the IRS must state the liability and the basis for the liability.  The suspension period applies separately to each letter or notice received.

Lesson to be learned ….. be sure to keep all your letters or notices received from the IRS in a file because the dates on those documents can be important when you go to defend yourself and seek relief.  Obtaining the account transcript detailing the activity of your account with the IRS is the next best defense.



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