Section 5000A Individual Shared Responsibility Payment

The general assessment statute expiration date (ASED) for assessing the individual shared responsibility payment (SRP) imposed by IRC 5000A, Shared Responsibility Payment, is the same as that prescribed by IRC 6501(a), Limitations on Assessment and Collection, for the income tax reported on the federal income tax return on which the individual SRP is to be reported. See 26 CFR 1.5000A-5(a).

An alternative ASED or other IRC section that would ordinarily extend the normal three-year assessment statute of limitations, such as the situations listed below, generally will not protect the assessment statute for the individual SRP:

An Alpha statute as referenced in IRM 25.6.23-3, Instructions for Updating the Statute on AIMS, or

The suspension provisions of IRC 6503, Suspension of Running of Period of Limitation, effective upon issuance of a Statutory Notice of Deficiency.