06-02-2019, 02:09 PM
A jeopardy assessment is a tax assessment which was assessed without the benefit of complete or partial audit by an authorized revenue officer, who has reason to believe that the assessment and collection of a deficiency tax will be jeopardized by delay because of the taxpayer's failure to comply with audit and investigation requirements to present his books of accounts and/or pertinent records, or substantiate all or any of the deductions, exemptions, or credits claimed in his return. (RR30-2002).