Closing Agreement

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Closing Agreement

Closing Agreement means:
a written agreement between a taxpayer and the U.S. Internal Revenue Service that conclusively settles a tax liability for the taxable year ending before the agreement date or settles one or more issues affecting a tax liability. Former IRC (check if this IRC provision is current here) §7121.

Related Entries in the American Tax Encyclopedia:

  1. Closing Agreement Program
  2. Collateral Agreement
  3. Closing Price
  4. Closing Entry
  5. Closing Costs
  6. Closing Inventory
  7. Multiple Support Agreement
  8. Buy-back Agreement
  9. Gas Balancing Agreement
  10. Calendar Tax Year
  11. Prenuptial Agreement
  12. Carryback
  13. Buy-and-sell Agreement
  14. Carryover
  15. Carryforward
  16. Determination
  17. Replacement Period
  18. Carved-out Mineral Production Payment
  19. Taxable Year
  20. Claim for Refund
  21. Wash Sale
  22. Contested Uabiuty
  23. Claim-of-right Doctrine
  24. Deficiency
  25. Child Support

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