4549 Form 2017-2024

4549 Form: What You Should Know

It is not a tax extension letter.  This IRS Form 4549 is also known as Form 4549-E. Form 4549-E is the form that the IRS wants to be returned with a copy to the taxpayer. You need the original form because the IRS does not accept photocopies. The form 4549 is a change assessment notice sent to a taxpayer when it audits your return. It is a letter from the IRS telling you that you must pay, change, or amend your tax return. It explains what changes the IRS thinks your return should make and why those changes are needed. Furthermore, it also explains the additional taxes and penalties that could be assessed if the IRS wants the taxpayer's return to be reviewed. This form also explains if the IRS wants you to sign a consent agreement (Form 5539). Form 4549-E is sent to a taxpayer with a tax return audit. The Form 4549-E tells the taxpayer to either: sign a form, Schedule E (Form 1040NR) for tax extensions; or pay the additional taxes and penalties listed in the letter. The letter is not a tax extension. The IRS has sent a Form 4549 to the taxpayer and tells the taxpayer what they are required to do in order to receive a copy of the Form 4549-E at the end of the audit. What can I do if I Get a Form 4549? If the taxpayer signs a Schedule E on a Form 4549-E the taxpayer is eligible for a tax extension for the tax return for the year in which the form is signed but the deadline for filing the Form 1040NR is after the 15th. The same is true if the taxpayer signs Form 4549E. If the taxpayer signs the Form 4549-E on Schedule E, Schedule C (Form 1040) or any combination of the Forms the taxpayer can elect to have Form 4549-E sent to them instead of the full Form 1040. Generally if a Form 4549-E is sent to the taxpayer, the taxpayer does not have to return the Form 4549-E until the due date for filing the Form 1040NR. If the taxpayer's Form 4549-E is sent in one of the ways listed in above paragraph, the taxpayer has 90 days from the date a Copy of the Notice of Estimated Tax is filed with the appropriate Federal Tax Administration.

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