U.S. IRS Releases Updated Practice Unit on Statute of Limitations on Assessment of Tax

The U.S. IRS has released an updated international practice unit providing an Overview of Statute of Limitations on the Assessment of Tax. The general overview of the practice unit is provided as follows:

This Practice Unit supersedes the previously published Practice Unit with the same title published on April 12, 2018. The Practice Unit was updated to reflect the judicial dispositions with regards to IRC 6501(e).

The Internal Revenue Code (IRC) requires that the Internal Revenue Service …