Received The Notice Of Deficiency? Get The Best IRS Notice Of Deficiency Help To

Posted by Tony Burton on February 20th, 2017

The Internal Revenue Service or IRS is a U.S. government agency that holds the responsibility for collecting taxes as well as the enforcement of tax laws. It is a bureau of the Department of the Treasury and also one of the world’s most efficient tax administrators. The IRS aims to provide taxpayers in America with superior services by helping them understand and fulfill their tax responsibilities in the best possible way. Established in the year 1862 by President Abraham Lincoln, the IRS is also responsible for handling corporate, gift, excise and estate taxes. Every year, the IRS sends ‘n’ number of letters and notices to taxpayers by mail for myriad reasons. Apart from informing an issue on federal tax return or tax account and changes to the account, the IRS sends notices or letter to the taxpayers asking for a payment or gathering more information. It is important for everyone to take these letters or notices seriously and respond to them in a prompt and correct way.

Have you received the notice of deficiency? Don’t know much about it? If so, learn that also known as the “90 day letter” or ”statutory notice of deficiency”, the notice of deficiency is an official written claim determining that a taxpayer owes income taxes, along with interest and penalties, if applicable. The IRS sends out the notice of deficiency as the final notification they are going to make changes to your tax return. Generally sent out to conclude an audit, the notice of deficiency lists the changes the IRS proposes to make to one’s taxes. The “90 day letter” is authorized in Internal Revenue Code section 6212 and gives a taxpayer 90 days to file a complaint to U.S. Tax Court to dispute the proposed changes to his or her tax return. In case, a person fails to file a complaint to Tax Court in 90 days, the audit becomes final, and the IRS sends him or her a bill and starts with the collection efforts.

Confused with what to do with the notice of deficiency that you have received? It would be best to avail IRS notice of deficiency help from one of the leading tax preparation companies without further ado! Not only you will get to know how to respond to the notice from IRS, but also receive the best possible IRS seizure help (if required).

So, what are you waiting for? Go ahead and learn how to prepare the response to the “90 day letter” right away!

Like it? Share it!

Tony Burton

About the Author

Tony Burton
Joined: August 24th, 2016
Articles Posted: 9

More by this author