Waivers of Restrictions on Assessment Sample Clauses

Waivers of Restrictions on Assessment. 1 Form 870 and other waivers of restrictions on assessment and collection which are ordinarily signed and submitted by taxpayers pursuant to the provisions of section 6213(d) of the Code will ordinarily be submitted with respect to a taxable period the tax liability for which is being determined by closing agreement (assuming there is a deficiency or overassessment), though a waiver is not legally required in order to assess a deficiency without issuance of a statutory notice of deficiency in such cases. If, in such circumstances, the waiver is received by the Service (or accepted, where certain Appellate Division waivers are used) before approval of the closing agreement without qualification delaying the effective date of the waiver until or beyond the effective date of the closing agreement, the interest suspension period provided by section 6601(d) of the Code will be effective even though the closing agreement is entered into less than 30 days after the signed waiver is received (or accepted, where certain Appellate Division waivers are used). See section 6.