Prescription of Assessment of Deficiency Internal Revenue Taxes

January 11, 1980 REVENUE MEMORANDUM ORDER NO. 02-80 SUBJECT : Prescription of Assessment of Deficiency Internal Revenue Taxes TO : All Revenue Regional Directors, Internal Revenue Officers and Others Concerned In order to forestall prescription of the right of this office to make an assessment of deficiency internal revenue taxes for 1974, all reports of investigation of internal revenue tax cases for said year should be processed and audit-reviewed immediately by your respective assessment branches. If the report, under existing requirements, is subject to the approval by the National Office, the deficiency tax should first be assessed and demanded. The assessment notice and letters of demand therefor may be signed by the Regional Director, with express reservation that the report on the case is subject to review by the National Office. After the assessment notice and letter of demand are released to the taxpayer, the report should be forwarded immediately to the National Office if the approval thereof is subject to the review and approval by same office. acd All reports of investigation of tax liabilities for 1974, which are subject to further audit-review and approval by the National Office should be forwarded to and must reach the Revenue Service Chief (Assessment) on or before February 15, 1980. cdt (SGD.) EFREN I. PLANA Acting Commissioner