Question: A closing agreement: Question 2 8 options: May bind the IRS's treatment of a transaction with another taxpayer for the current year. Is a prerequisite

A closing agreement:
Question 28 options:
May bind the IRS's treatment of a transaction with another taxpayer for the current year.
Is a prerequisite to a jeopardy assessment.
None of these choices/more information is needed.
Is a determination for an open tax year.
May bind the IRS's treatment of a transaction in future years.

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