50 PERCENT INTEREST BASED PENALTY ASSESSMENT NOTICES TO BE MAILED
PURPOSE OF BULLETIN
To advise staff that we will send approximately 522,000 PIT Statement of Tax Due notices between November 8 and December 8, 2006.
Accounts with all tax years discharged were bypassed in previous penalty assessment phases. These accounts primarily consisted of debtors with older discharged tax years with no recent economic activity. In addition, there are small volumes of accounts with open and discharged tax years called "mixed years" that will be included in this phase.
TI will bring account balances to current date and assess the 50 percent Interest Based Penalty. Approximately 50,000 PIT STD notices will be generated each day during November 8 through December 8, 2006.
The Post Amnesty Penalty will continue to be system-assessed for 2002 and older original or amended returns, and various assessments that become final. The STD’s will have Collection Response and Resolution Section’s phone number 800-689-4776. Selected collection staff will be responsible for responding to these calls.