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Quick Sheets/REG/IRS Procedures & Appeals

REG — Quick Sheet

IRS Procedures & Appeals

Read time: ~5 minutes

One-minute revision

  • Assessment SOL: 3 years normally; 6 years if >25% of gross income omitted; unlimited for fraud or no return
  • Refund claim: later of 3 years from filing or 2 years from payment
  • 30-day letter → Appeals; 90-day letter (notice of deficiency) → Tax Court
  • Tax Court = no prepayment required; District Court/Court of Federal Claims require payment first
  • District Court = only jury trial option
  • Penalties: FTF 5%/mo (max 25%), FTP 0.5%/mo, accuracy 20%, fraud 75%