IRS Jeopardy Assessment

IRS Jeopardy Assessment



Far removed from the full-filled half hour that we associate with a Merv Griffith-created game show called Jeopardy!, "jeopardy," when referring to the IRS, leaves little room for entertainment.  In fact, it can mark the beginning of an significant escalation of a tax problem.  You see, a “Jeopardy Assessment” is made when the IRS feels, (yes, the IRS has feelings)  it is at risk of losing its hard-earned money because a taxpayer (or someone who holds cash of another taxpayer) is going to take some sort of action that will make it difficult for the IRS later collect.