IRS Logo
Print - Click this link to Print this page

Correction period - self-dealing

The correction period starts on the day the act of self-dealing occurs and ends 90 days after a notice of deficiency for the additional tax is mailed.

The correction period may be extended by:

  1. Any period in which the deficiency cannot be assessed because of a petition to the tax court
  2. Any period the IRS determines is reasonable and necessary

Additional information

 

 


Return to Life Cycle of a Private Foundation

Page Last Reviewed or Updated: 15-Jul-2014