CCA 201104038
Effects of Net Operating Loss Carrybacks
ID: CCA_2010112210185244 Number: 201104038
Release Date: 1/28/2011
Office: ---
UILC: 6501.01-00
From: ---
Sent: Monday, November 22, 2010 10:19:08 AM
To: ---
Cc:
Subject: RE: 6501 Question
---
The IRS may not assess a tax liability after the assessment statute of limitations expires for assessing that tax liability. The IRS and a taxpayer cannot agree to extend an already expired limitations period. In certain circumstances, a taxpayer can voluntarily pay an unassessed tax liability to satisfy this unassessed tax liability, but that does not involve the IRS assessing a barred year.
____
Source: view the official PDF
Nearby sections (25 sections)
- cca-201105035 · Prohibited Transaction
- cca-201105034 · Time and Place for Paying Tax Shown on Returns
- cca-201105033 · Exception for Small Partnerships
- cca-201105032 · Mathematical or Clerical Errors
- cca-201105022 · Foreign Corporations
- cca-201105010 · Expectation of Benefit
- cca-201104044 · Confidentiality and Disclosure of Returns and Return…
- cca-201104043 · Penalty for Failure to Include Reportable Transaction…
- cca-201104042 · Oil Leases
- cca-201104041 · Limitations on Assessment and Collection (Barred v. Not…
- cca-201104040 · First-Time Homebuyer Credit
- cca-201104039 · Gross Income v. Not Gross Income
- cca-201104038 · Effects of Net Operating Loss Carrybacks
- cca-201104037 · First-Time Homebuyer Credit
- cca-201104032 · Student Loans
- cca-201104031 · Disguised Sale Variable Prepaid Forward Contracts…
- cca-201103055 · Authority to Make Credits or Refunds
- cca-201103054 · Coordination with Deficiency Proceedings
- cca-201103053 · Coordination with Deficiency Proceedings
- cca-201103052 · Services (Rev. Rul. 71-21)
- cca-201103051 · Extension by Agreement
- cca-201103050 · Deposits
- cca-201103049 · Tax Matters Partner
- cca-201103048 · Interest on Underpayment, Nonpayment, or Extensions of…
- cca-201103047 · Time and Place for Paying Tax Shown on Returns