Fillable Form 921 - Consent To Extend The Time To Assess Income Tax printable pdf download

Form 921 - Consent To Extend The Time To Assess Income Tax

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In reply refer to:

Department of the Treasury-Internal Revenue Service

921

Consent to Extend the Time to Assess Income Tax

Form

Taxpayer Identification

(Rev. July 2001)

Number(s)

Estimated Future Common Expense Allowance for Real Estate Sales Under Contract

For income tax purposes, the Commissioner of Internal Revenue has tentatively allowed

(Name(s))

taxpayer(s) of

(Number, Street, City or Town, State, ZIP Code)

to consider the allocable share of the estimated cost of future common improvements as part of the cost or other basis of

certain real estate sold or otherwise disposed of under contract. As a provision of this tentative allowance, the above

taxpayer(s) and the Commissioner of Internal Revenue agree that:

The amount of federal income tax due on any return(s) filed by or for the taxpayer(s) for the tax year(s) ended

may be

assessed at any time before and up to one year after a return is filed for tax year ended

(Tax Year of Expected Project Completion)

Real Estate Project covered by this consent agreement:

A return filed before the expected project completion date shall be considered filed on the day prescribed above without

regard to extensions. This consent agreement to extend the time to assess tax is limited to the assessment of

deficiencies attributable to the use of the alternative cost method with respect to the real estate project described above.

If a notice of tax deficiency is sent to the taxpayer(s) by certified or registered mail on or before the date above, the time

to assess income tax under this consent agreement is further extended by the assessment suspension period, plus 60

days.

THIS CONSENT AGREEMENT DOES NOT DEPRIVE THE TAXPAYER(S) OF ANY

APPEAL RIGHTS TO WHICH THEY WOULD OTHERWISE BE ENTITLED.

YOUR SIGNATURE HERE

(Date signed)

SPOUSE'S SIGNATURE HERE

(Date signed)

TAXPAYER'S REPRESENTATIVE

SIGN HERE

(Date signed)

CORPORATE

NAME

CORPORATE

(Name/Title/Taxpayer Identification Number)

(Date signed)

OFFICER(S)

SIGN HERE

(Date signed)

(Name/Title/Taxpayer Identification Number)

INTERNAL REVENUE SERVICE SIGNATURE AND TITLE

(Division Executive Name - See Instructions)

(Division Executive Title - See Instructions)

(Authorized Official Signature and Title - See Instructions)

(Date signed)

921

Catalog Number 16974D

Form

(Rev. 07 -2001)

(See back of form for signature instructions)

Form 921 - Consent To Extend The Time To Assess Income Tax

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