Request for Prompt Assessment

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • DonB
    Senior Member
    • Mar 2011
    • 281
    #1

    Request for Prompt Assessment

    When a Request for Prompt Assessment is filed, does the IRS notify the fiduciary of the assessment being completed? I know the SOL is reduced to 18 months. Does anyone know the nuts and bolts of what actually happens? My fiduciary client wants a prompt assessment so she can close an estate quickly. I'm thinking the IRS does not act so quickly---.

    comments appreciated--
    Tags: None
    • Burke
      Senior Member
      • Jan 2008
      • 7068
      #2
      I did one years ago on an Estate Tax Return 706, and we never heard a peep from them. Is that the return you are speaking of? I never heard of doing it on a 1041.
      Last edited by Burke; 04-04-2014, 04:52 PM.

        Comment

        Previous template Next

        Disclaimer

        Collapse

        This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

        Working...