Jeopardy Assessment
Jeopardy Assessment means:
the ability of the U.S. Internal Revenue Service to assess a tax immediately when it is believed that collection of the tax could be jeopardized by delay The U.S. Internal Revenue Service (IRS) must issue a notice of deficiency within 60 days after the assessment is made. Former IRC (check if this IRC provision is current here) §6851.
U.S. and other Developed Countries International Tax Meaning
Tax assessment made where there is some danger of tax being lost.
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