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Video instructions and help with filling out and completing Are Form 843 Deficiency

Instructions and Help about Are Form 843 Deficiency

A notice of deficiency is written notice by the IRS assessing a tax liability against you. It is sometimes called a statutory notice, stat notice, or 90-day letter. Its effect is no different from a civil lawsuit. The notice of deficiency is simply written notice by the IRS of its assessment against you of a tax liability, and it's sometimes called a stat notice or statutory notice. Since the only option in most cases is an appeal to the Tax Court, it's essentially the start of the civil suit. The statutory notice of deficiency essentially means that the IRS has assessed a tax against you. Usually, it's the result of an audit or examination. Sometimes it's the result of a substitute tax return that the IRS has filed because you have not filed a tax return. But the notice contains two key items of information. The first is the date of the notice itself. That date fixes the date in which you must file an appeal to the United States Tax Court. Second, it also fixes the type of tax, the date or year involved, as well as the amount and penalties. This deadline is 90 days from the date of the notice. Yes, this letter is sometimes called the 90-day letter. If you fail to respond, then that means the tax is admitted in full. If you do not file an appeal to the United States Tax Court, then you must pay the tax in full and file a refund suit in federal district court or Tax Court to get your money back. However, in order to challenge without paying the tax in full, you must appeal to the United States Tax Court. Only an attorney who is admitted to the United States Tax Court can represent you there....