A closing agreement is a final agreement between the IRS and a - TopicsExpress



          

A closing agreement is a final agreement between the IRS and a taxpayer on a specific issue or liability. It is final unless fraud, malfeasance or misrepresentation of a material fact can be shown. A closing agreement may be entered into when it is advantageous to have the matter permanently and conclusively closed or when a taxpayer can show that there are good reasons for an agreement and that making the agreement will not prejudice the interests of the government. ow.ly/ziaSr
Posted on: Fri, 25 Jul 2014 14:02:26 +0000

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