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Printable Form 872 Sioux Falls South Dakota: What You Should Know

If the taxpayer did sign the form, he was granted an extension on both the assessment and payment date. If the taxpayer is a beneficiary of trusts/plans with an outstanding balance or if the Trustee of a trust is not actively engaged in his duties (including the trustee's tax return filing, etc.), then the Statute of Limitations should be reset to its original time period. This will help the IRS assess what should be owed from the trust assets. The statute of limitations has been extended from 5 years to 10 years since the last tax return was assessed.

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