The IRS cannot collect from a taxpayer until the IRS assesses a tax. The process of assessment can occur either through the self-assessment (return) process or via the IRS issuing a notice of deficiency. The taxpayer cannot have their day in court until they receive the notice of deficiency at their last known address. Other assessment procedures allow the IRS to expeditiously assess tax when collection is in peril. 

Join this informative and engaging course to help make sense of IRS assessment procedures. 

Learning Objectives:

• Describe IRS assessment process


• Describe the notice of deficiency process


• Identify the last known address issue


• Recall when the IRS can issue a jeopardy assessment


• Justify when the IRS can issue a terminational assessment