CCA 200944028
Effect of Failure to Notify
ID: CCA_2009082108532837 Number: 200944028
Release Date: 10/30/2009
Office: ---
UILC: 6222.03-00
From: ---
Sent: Friday, August 21, 2009 8:53:29 AM
To: ---
Cc: ---
---
Subject: RE: K-1 Discrepancies
The biggest problem is that the stat notice does not suspend the period for assessing the inconsistently reported item (unless partner-level determinations are required). Compare I.R.C. 6230(a)(2)(A)(i) with the first parenthetical of section 6503(a). So issuing an invalid notice, without making a required direct assessment of the computational adjustment may result in the period for assessment expiring before a valid assessment is made.
Source: view the official PDF
Nearby sections (25 sections)
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