Form 5701 – Fill Out and Use This PDF

The Form 5701, issued by the Department of the Treasury - Internal Revenue Service, serves as a Notice of Proposed Adjustment. It is a critical document intended for taxpayers, detailing adjustments the IRS proposes to make to their tax returns based on current information and previous discussions. Taxpayers are encouraged to respond with any additional information that could affect these adjustments, aiming for accuracy and fairness in tax reporting. To ensure you're taking the right steps following a notice, click the button below to fill out the form correctly.

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Form 5701 PDF Details

Navigating the complexities of tax assessments and adjustments can be daunting for taxpayers, and understanding the procedures involved is crucial to managing these situations effectively. The Internal Revenue Service's Form 5701 stands at the heart of this process, providing a structured way for the IRS to communicate proposed adjustments following an audit or review. This form, revised in December 2006, serves multiple purposes: it notifies taxpayers of adjustments the IRS believes should be made to their tax returns; it lays out the specific details of these adjustments, including the years affected, the amounts involved, and the reasoning behind each proposed change; and it outlines the steps taxpayers can take in response, whether they agree, disagree in part, or disagree in full with the proposals. Importantly, Form 5701 also opens the door for a taxpayer to present additional information that might alter the IRS's initial determination, marking a critical juncture in the dialogue between taxpayer and tax authority. Through this form, options such as the Fast Track Settlement can be explored, offering a pathway to resolve disagreements more rapidly and with potentially fewer costs. By bridging initial assessments and taxpayer reactions, Form 5701 encapsulates a vital phase in the continuum of tax regulation and enforcement, emphasizing the IRS's willingness to consider taxpayer input before finalizing decisions.

Question	Answer
Form Name	Form 5701
Form Length	3 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	45 sec
Other names	irs form 5701, 42770J, 886-A, 2006

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Form 5701

(Rev. December 2006)

Department of the Treasury - Internal Revenue Service

Notice of Proposed Adjustment

Name of taxpayer

Issue No.

Name and title of person to whom delivered

Date

Entity for this proposed adjustment

Based on the information we now have available and our discussions with you, we believe the proposed adjustment listed below should be included in the revenue agent's report. However, if you have additional information that would alter or reverse this proposal, please furnish this information as soon as possible.

Years

Amount

Account or return line

SAIN NO.

Issue Code

Reasons for Proposed Adjustment (If the explanation of the adjustment will be longer than the space provided below, the entire explanation should begin on Form 886-A (Explanation of Items.).

Taxpayer's / Representative's Action:

Agreed		Agreed in Part

Disagreed

Have additional information; will submit by:

Taxpayer's / Representative's Signature

Date

If Disagreed in Part or in Full - Check here for consideration of Fast Track Settlement

Taxpayer

IRS

Team Manager

Date

Part 1 - Taxpayer's File Copy

Cat. No. 42770J

www.irs.gov

Form 5701 (Rev. 12-2006)

Form 5701

(Rev. December 2006)

Department of the Treasury - Internal Revenue Service

Notice of Proposed Adjustment

Name of taxpayer

Issue No.

Name and title of person to whom delivered

Date

Entity for this proposed adjustment

Years

Amount

Account or return line

SAIN NO.

Issue Code

Reasons for Proposed Adjustment (If the explanation of the adjustment will be longer than the space provided below, the entire explanation should begin on Form 886-A (Explanation of Items.).

Taxpayer's / Representative's Action:
	Agreed	Agreed in Part		Disagreed	Have additional information; will submit by:


Taxpayer's / Representative's Signature						Date

If Disagreed in Part or in Full - Check here for consideration of Fast Track Settlement
	Taxpayer		IRS

Team Manager						Date

Part 2 - To Be Returned By Taxpayer With Reply

Cat. No. 42770J

www.irs.gov

Form 5701 (Rev. 12-2006)

Form 5701

(Rev. December 2006)

Department of the Treasury - Internal Revenue Service

Notice of Proposed Adjustment

Name of taxpayer

Issue No.

Name and title of person to whom delivered

Date

Entity for this proposed adjustment

Years

Amount

Account or return line

SAIN NO.

Issue Code

Reasons for Proposed Adjustment (If the explanation of the adjustment will be longer than the space provided below, the entire explanation should begin on Form 886-A (Explanation of Items.).

Taxpayer's / Representative's Action:

Agreed		Agreed in Part

Disagreed

Have additional information; will submit by:

Taxpayer's / Representative's Signature

Date

If Disagreed in Part or in Full - Check here for consideration of Fast Track Settlement

Taxpayer

IRS

Team Manager

Date

Part 3 - Requester's File Copy

Cat. No. 42770J

www.irs.gov

Form 5701 (Rev. 12-2006)

How to Edit Form 5701 Online for Free

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this field, next field, and other fields in 886-A

3. This subsequent segment is fairly straightforward, Taxpayers Representatives Action, Agreed, Taxpayers Representatives, Disagreed, Have additional information will, If Disagreed in Part or in Full, Taxpayer, IRS, Team Manager, Date, Date, Part Taxpayers File Copy, and Cat No J wwwirsgov Form Rev - these form fields will need to be filled in here.

4. Filling out Name of taxpayer, Name and title of person to whom, Entity for this proposed adjustment, Issue No, Date, Based on the information we now, Years, Amount, Account or return line, SAIN NO, Issue Code, and Reasons for Proposed Adjustment If is paramount in this stage - ensure to devote some time and be mindful with each blank!

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Form 5701 – Fill Out and Use This PDF

Form 5701 PDF Details

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