Form 866, Agreement Clause Samples
Form 866, Agreement. As To Final Determination of Tax Liability. 2 A determination of tax liability must reflect the total corrected tax liability (specifying type of tax and period covered, date of death etc.) after giving effect to all applicable credits which reduce the liability imposed but not taking into account those credits which represent payment of the liability. Exhibit D illustrates such an agreement. In such agreements the amounts of deficiencies, overassessments, or overpayments are not ordinarily reflected. Where any matter in addition to tax liabilities is to be finally determined by the agreement, a combination agreement should be used, as explained in Section 6.03.
Form 866, Agreement. As To Final Determination Of Tax Liability, and Form 906, Closing Agreement As To Final Determination Covering Specific Matters, and combined agreements (see section 6.03) will ordinarily be prepared in triplicate (but see section 6.091 as to Revenue Procedure 64-24 cases). The duplicate and triplicate copies will constitute duplicate originals for evidence purposes. Where closing agreements are completely typed, the duplicate original concept should be utilized if feasible. In addition, typed agreements to be executed in triplicate should employ plain bond paper for the carbon copies of a weight equal to the original and approximately equal to that of the printed form. The foregoing will apply to most agreements since most involve only one taxpayer party (or a husband and wife) and are prepared in triplicate. In the event of two or more taxpayer parties to the agreement, the carbon copies can be made on thinner stock in order that each may have a legible carbon copy that will serve as a duplicate original.