Video instructions and help with filling out and completing Form 843 Statute

Instructions and Help about Form 843 Statute

Music the statute of limitations on the trust fund recovery penalty is the IRS has to assess the trust fund recovery penalty within three years of the April 15th following the calendar year that the payroll taxes were due so if it's first second third and fourth quarter that's technically even though they're doer Li er technically do four statute of limitation purposes April 15th plus three more years the IRS has to assess it during that period of time in the event that they don't assess it within that three year period of time they're barred but generally speaking what happens is that the IRS revenue officer does their investigation issues the 60-day letter in the in the event that you want to deal with the revenue officer or you want to deal with the appeals officer at a later time they'll ask you to extend the statute limitations because if you don't extend the statute limitation they will assess it within that three year period of time so you have to determine do you want to deal with this revenue officer this appeals officer and if not if you do sign the extension this documentation if you don't don't sign the extension of the statute limitation they will assess it and you'll go through a different process Music