A special assessment made by the IRS outside of normal procedures in order to immediately collect on a tax deficiency that is deemed to be in danger of non-collection. Jeopardy assessments are used sparingly and only in circumstances where regular assessment procedures increase the risk of non-collection.
Related information about jeopardy assessment:
- Jeopardy Assessment Frequently Asked Questions
Mar 18, 2008 ... Jeopardy Assessment Frequently Asked Questions. What is a Jeopardy Assessment? Why did I receive a jeopardy assessment?
- Internal Revenue Manual - 4.4.17 Jeopardy Assessments ...
Jul 15, 2011 ... A jeopardy assessment must be approved by the Area Director and Area Counsel AND be made within 24 hours of the Area Director's approval ...
- "Jeopardy Assessment" Defined
JEOPARDY ASSESSMENT. Jeopardy assessments are implemented where the assessment or collection of tax is determined to be in jeopardy. Under such ...
- Jeopardy Assessment Law & Legal Definition
This is an assessment made by the IRS of the additional tax owed by a taxpayer who underpaid without resorting to the usual review procedures because the ...
- Audit-Proofing Strategies: Audit Proofing And The IRS
An extreme measure, a jeopardy assessment allows the IRS, in certain circumstances, to make an immediate assessment and a demand for payment, and, ...
- Jeopardy assessment - Merriam-Webster Online
a special assessment under the U.S. income-tax laws levied to collect an alleged deficiency when the taxing officer believes that delay may jeopardize the ...
- Jeopardy assessment of personal property taxes - Michigan ...
211.691 Personal property taxes; jeopardy assessment. Sec. 1. ... Proceedings hereunder shall be known as jeopardy assessment of personal property taxes.
- 26 USC § 6861 - Jeopardy assessments of income, estate, gift, and ...
If the jeopardy assessment is made before any notice in respect of the tax to ... The jeopardy assessment may be made in respect of a deficiency greater or less ...