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Form 872 for Franklin Ohio: What You Should Know
The tax return is not due immediately, the Taxpayer has not waived a right to file a tax return, or there are other reasons why the Statute of Limitations does not close at the indicator date. These are all reasons why a statutory extension consent should not be required. Is a Form 872 Statutory Extension of Time Required? Form 872 Consent cannot be granted without authorization from the Internal Revenue Service. It is not an admission that the return has been paid. If the application for the Form 872 Consent is denied, the Commissioner of Revenue must determine if any return was paid (this would include filing a tax return). There are multiple reasons why a Form 872 Statutory Extension of Time might not close at the indicator date. The following is only a sampling of reasons why the Statute of Limitations might not close at the indicator date. Deferred Examination for IRS Case, No Clear Notification of Deficiency If the return is not paid because of a deferred investigation of the case for potential tax deficiencies, then the Taxpayer should give the IRS written, specific, proof of payment for the Form 872 Tax Return. It would not be necessary to include the tax return at the end of the form, but it would be necessary for you to know which return was paid. In this case, be sure to include a copy of the final tax return to the original response. Filing the Return and/or Schedule E with the IRS If the Taxpayer files the return, but the IRS has not notified the Taxpayer that the examination (and/or Form 1040 schedule) has been completed or the taxpayer knows that the examination will not be completed for a few weeks, but does not want the IRS to contact the taxpayer, then it would be advisable to include a Copy of the final tax return to the original response. Filing Form 872 with the IRS does not indicate to the IRS that the return had been paid, or that the examination was complete. If the Filing of the form indicates that an examination has not been completed or that the examination could not be completed, the Filing of the Form 872 does not constitute a waiver of an unpaid or overdue tax return. The Commissioner may still tax you.
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