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Form 952: Consent To Extend the Time To Assess Tax Under Section 332(b)
IRS Form 952 is Consent To Extend the Time To Assess Tax Under Section 332(b), used by a receiving corporation to extend its tax assessment period. It must be filed if liquidation will not complete within the 3-year period following the first distribution.
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IRS Form 952 - Consent To Extend the Time To Assess Tax Under Section 332(b)
IRS Form 952 is Consent To Extend the Time To Assess Tax Under Section 332(b), used by a receiving corporation to extend its tax assessment period. It must be filed if liquidation will not complete within the 3-year period following the first distribution.
Risk Radar
Scan points- 1Failing to file Form 952 when liquidation extends beyond 3 years triggers immediate recognition of gain or loss.
- 2Filing without listing the correct receiving corporation name and EIN.
- 3Not completing Form 952 if liquidation is not finished by the end of the subsidiary’s tax year.
- 4Omitting the specific tax year ending date on Line 1 of the consent section.
- 5Failing to file for every tax year or part of a tax year during the liquidation period.
Plain English
This form allows a company that receives assets from another dissolving subsidiary to get more time to pay its income taxes. By filing IRS Form 952, both the receiving corporation and an authorized IRS official agree to this extended assessment timeline. This consent is necessary when the liquidation process takes longer than three years.
Submission Date
- Filing date: 2012-07-17 00:00:00
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use this form when a receiving corporation consents to an extended period for assessing income taxes under section 332(b) due to the complete liquidation of its subsidiary.
- Do not use it when all assets of the liquidating subsidiary will be distributed to the receiving corporation by the end of the subsidiary’s tax year in which the first distribution was made, unless filing for a specific part of that tax year.
- Check Form 952 instead when completing a plan of complete liquidation under section 332(b) and needing to extend the assessment period.
Form selector
Use this form or another form?
Filing consolidated return with common parent
Rules regarding a common parent signing as an agent are detailed in Regulations section 1.1502-77.
✓ Confirm the filing entity is covered by those regulations.
Liquidating subsidiary assets will not be fully distributed within the tax year
This form must be filed for each tax year or part of a tax year that falls within the period of liquidation.
✓ Ensure you file one Form 952 per relevant tax year/period.
The receiving corporation needs to extend assessment time under section 332(b)
This form specifically handles consent for extending the assessment period related to complete liquidation under this specific subsection of Section 332.
✓ Verify that the plan meets all criteria of section 332(b).
The corporation is an affiliated group filing a consolidated return
Affiliated groups must review Regulations section 1.1502-77 for specific signing/agent rules applicable to this form.
✓ Check the regulations before finalizing signatures.
Deadline or filing window
The filing deadline is the due date (including extensions) of the receiving corporation’s income tax return for each relevant tax year. The consent establishes an extended period that lasts during a 4-year span, beginning on the later of the return's due date or the filing date for the 3rd tax year after the first distribution.
Checklist
What you need before filling it out
Purpose of Form 952
Complete liquidation under section 332(b) · General Instructions
Filing Requirement (when needed)
Liquidation not completed within the 3-year period following the first distribution · General Instructions
Assessment Period Extension Timeframe
4-year period beginning on the later of the due date or filing date for the 3rd tax year after the first distribution · Form p.1 (Consent section)
Filer Requirement
Receiving corporation must consent in accordance with a plan of complete liquidation under section 332(b) · General Instructions / Consent text
Address Formatting
Include suite, room, or other unit number after the street address; use P.O. box if mail delivery requires it · Address instructions
Signature Requirement
Must be signed and dated by a corporate officer authorized to sign the form · Signature instruction
Before you submit
- 1Verify that the receiving corporation's Employer identification number is correctly listed.
- 2Confirm the Name of the receiving corporation matches the entity filing the consent.
- 3Ensure the address provided includes the suite, room, or other unit number if applicable.
- 4Double-check that the tax year ending date entered aligns with the liquidation plan timeline.
- 5Verify that the signature block includes a Date signed and the Title of the signing officer.
- 6Confirm the form is signed by an authorized corporate officer (or attach authorization if signed by an agent/attorney).
- 7Ensure all required fields, including Name of subsidiary and its address, are completed.
How to file this form
- 1Complete all sections of IRS Form 952, ensuring the receiving corporation's information is accurate.
- 2Determine the correct tax year ending date for which the extension applies on Form 952.
- 3Sign and date Form 952 using a corporate officer authorized to sign the document.
- 4If signing by an attorney or agent, attach a copy of the authorization documentation to Form 952.
- 5Mail Form 952 to the Ogden Submission Processing Center at P.O. Box 9941, Ogden, UT 84409-0941.
- 6File Form 952 by the due date (including extensions) of the receiving corporation’s income tax return for that specific tax year or part thereof.
Known limitations
- 1Form 952 must be used if all assets of the liquidating subsidiary will not be distributed to the receiving corporation by the end of the subsidiary’s tax year in which the first distribution was made, requiring filing for each tax year or part of a tax year within the liquidation period.
- 2If the complete liquidation is completed within the 3-year period following the end of the subsidiary’s tax year that the first distribution was made, Form 952 must still be used.
- 3Gain or loss on complete liquidation of a subsidiary is generally not recognized when assets are distributed, but it will be recognized if the distribution is not completed within the 3-year period or if the receiving corporation can no longer meet the requirements of section 1504(a)(2).
- 4The consent established by Form 952 does not reduce the time otherwise provided by law for making an assessment under any circumstances.
Field map
Compact field-by-field guide
General Info
2 items
Full legal name and taxpayer identification number (SSN or EIN).
Current mailing address.
Details
2 items
Complete all applicable sections of this form according to the official IRS instructions.
Enter the relevant dollar amount if this form involves tax calculation.
Certification
1 items
Read and acknowledge any certifications required by this form.
Signatures
1 items
Sign and date. Unsigned forms cannot be processed.
Almost done reviewing the fields?
Fillable formOpen in Editor->The current edition is Revision December 2006 (Rev. December 2006). The source does not specify a page linking to the absolute latest information, but it provides all necessary details on Form 952.
What changed or needs a fresh check
- Edition date — confirm the revision reads December 2006.
- Fee — Not stated in the official source.
- Mailing address — confirm P.O. Box 9941, Ogden, UT 84409-0941 for filing with the IRS.
- Signature — ensure it is signed and dated by a corporate officer authorized to sign the form.
Quick Facts
Downloads
After you file
- 1Keep a copy of the signed and dated Form 952.
- 2If Form 952 is signed by an attorney or agent, retain a copy of the authorization document as well.
- 3The extended period for assessing tax may be suspended or affected by the operation of law in the same manner as the original period.
- 4File Form 952 with the Ogden Submission Processing Center at P.O. Box 9941, Ogden, UT 84409-0941 by the due date (including extensions) of the receiving corporation’s income tax return for each relevant tax year or part of a tax year.
Sources
- SRCForm 952 is used to extend the period of assessment of all income taxes of the receiving corporation on the complete liquidation of a subsidiary under section 332. (Instructions p.1)
- SRCThe form must be used if the liquidation will be completed within the 3-year period following the end of the subsidiary’s tax year that the first distribution was made. (Instructions p.1)
- SRCFile Form 952 by the due date (including extensions) of the receiving corporation’s income tax return for each tax year or part of a tax year that falls within the liquidation period. File with Ogden Submission Processing Center, P.O. Box 9941, Ogden, UT 84409-0941. (Instructions p.1)
- SRCThe extension allows income taxes due on a return for the tax year ending ___________, _____, to be assessed during the 4-year period beginning on the later of the due date or the filing date for the 3rd tax year after the first distribution. (Instructions p.1)
- SRCGain or loss is generally not recognized upon distribution unless the distribution is not completed within the 3-year period or if the receiving corporation cannot meet section 1504(a)(2) requirements. (Instructions p.1)
- SRCForm 952 must be signed and dated by a corporate officer authorized to sign the form. (Instructions p.1)
Common confusion points
When must I file Form 952?
File it by the due date (including extensions) of the receiving corporation’s income tax return for every tax year or portion of a tax year that falls within the liquidation period.
What is the benefit of filing Form 952?
It extends the period during which income taxes on the complete liquidation of a subsidiary under section 332(b) can be assessed.
Does this consent change my tax assessment timeline?
Yes, it establishes an extended period for assessing tax, and that extension may be suspended or affected by other laws.
What happens if I use Form 952 but the liquidation finishes early?
The form must still be filed because it is required if the liquidation will be completed within the 3-year window following the first distribution.
Who needs to sign Form 952?
It must be signed and dated by a corporate officer who is authorized to sign the form.
What happens if my affiliated group files consolidated returns?
The filing should reference Regulations section 1.1502-77 for rules regarding common parent signing as an agent or substitute agents.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- A notice of deficiency in tax issued under this consent will cause the assessment period to not end prior to the end of the suspension period provided by section 6503(a), plus any remaining time.
Questions about IRS Form 952
What is IRS Form 952 used for?
This form allows a company that receives assets from another dissolving subsidiary to get more time to pay its income taxes. By filing IRS Form 952, both the receiving corporation and an authorized IRS official agree to this extended assessment timeline. This consent is necessary when the liquidation process takes longer than three years.
Who must file IRS Form 952?
The receiving corporation must file IRS Form 952 in accordance with a plan of complete liquidation of its subsidiary under section 332(b).
What information does IRS Form 952 require?
The form collects details such as the Employer identification number and Name of the receiving corporation. It also requires identifying information for the liquidating subsidiary, including its Address.
When is IRS Form 952 due?
Form 952 must be filed by the due date (including extensions) of the receiving corporation’s income tax return for each tax year or part of a tax year that falls within the liquidation period.
Where do I file IRS Form 952?
The form must be filed with the Ogden Submission Processing Center, P.O. Box 9941, in Ogden, UT 84409-0941.
How do I complete IRS Form 952?
The receiving corporation must sign and date Form 952 using an authorized corporate officer. If signed by an attorney or agent, a copy of the authorization must be attached. The form establishes consent for income taxes due on a specific tax year ending ___________, _____, to be assessed within a 4-year period.
What happens if IRS Form 952 is filed incorrectly?
If Form 952 is not used when required, gain or loss on complete liquidation may be recognized if the distribution is not completed within the 3-year period or if requirements of section 1504(a)(2) are no longer met.
When must I file Form 952?
File it by the due date (including extensions) of the receiving corporation’s income tax return for every tax year or portion of a tax year that falls within the liquidation period.
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