Visit Our New Website at nacpb.org

Ordering on atunlimited.com expired on Dec 31, 2021

QuickBooks Dictionary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



Assessment of tax

The Commissioner of IRS places the amount of unpaid tax on a list for collection, in effect a charge against the taxpayer on the books of the government. Before any additional tax may be assessed, the Commissioner must send a  notice of deficiency and cannot assess the tax before allowing the taxpayer to file a petition with the Tax Court.