What is the taxpayer's timeframe to pay or appeal after receiving the Revenue Agent's Report?

The correct answer is 30 days because after receiving the Revenue Agent's Report, taxpayers have a specific timeframe to respond, which is established by the IRS. This 30-day period allows taxpayers to either pay the assessed amount or file an appeal if they disagree with the findings detailed in the report. This timeframe is set to ensure a timely resolution of any disputes regarding taxes owed and provides a clear structure for taxpayers to take the necessary steps in response to the report.

Understanding this timeline is crucial for taxpayers to avoid additional penalties or interest that could accrue if they do not respond within the specified period. Options indicating shorter or longer timeframes do not align with IRS guidelines, which have standard procedures that aim to facilitate both compliance and dispute resolution within this established 30-day window.