Rollback provision compliance requires modified returns, tax payment and withdrawal of related appeals to implement APA adjustments. An applicant must furnish a modified return under section 92CD for each rollback year covered by the agreement with proof of payment of additional tax ... Summary
Rollback provision compliance requires modified returns, tax payment and withdrawal of related appeals to implement APA adjustments.
An applicant must furnish a modified return under section 92CD for each rollback year covered by the agreement with proof of payment of additional tax computed per the rollback provision, and the modified return for a rollback year must be furnished along with the modified return for the first previous year requested in the application.
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