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Froogle 1.1.1.7
Froogled By:
Elias Makere, FSA, MAAA
Last Froogled:

ASSESSMENT OF DEFICIENCY

in general, the amount of tax determined to be due after:
(i) an appellate review [within the Internal Revenue Service]; and

(ii) a Tax Court adjudication (if requested).
JEOPARDY ASSESSMENT
an immediate assessment of the deficiency [by the Internal Revenue Service]. The assessment occurs with neither appellate review nor Tax Court hearing. Moreover, it is permitted if – in the opinion of the Internal Revenue Service – the assessment (and collection) of a deficiency would be jeopardized by delay.
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