IRS Notice of Deficiency: What You Need to Do

Received an IRS Notice of Deficiency? Whether your notice is a CP3219A, CP3219N, Letter 531, or another version of the IRS’s statutory notice of deficiency, you need to understand what it means—and, especially, the deadline attached to it. In this video, CPA Logan Allec walks through an actual IRS Notice of Deficiency and explains what the IRS is proposing, why you may have received the notice, and what your options are if you agree or disagree with the additional tax. We cover: What an IRS Notice of Deficiency actually means Why it’s sometimes called a 90-Day Letter, NOD, or statutory notice of deficiency The difference between a proposed tax and an assessed tax Why you might receive one after an audit, CP2000, or Substitute for Return What happens if you sign Form 5564 and agree with the IRS How to dispute the IRS administratively When you may need to petition the U.S. Tax Court Why missing the Tax Court deadline can permanently eliminate that option How deductions or other corrections can sometimes dramatically reduce the proposed tax and penalties What happens if you still owe the IRS after resolving the underlying tax liability One of the biggest things to understand is that the Tax Court deadline generally runs from the date of the Notice of Deficiency, not the date you actually open the envelope. If you're trying to resolve the issue with the IRS administratively, don't accidentally let that deadline pass without understanding what rights you're giving up. If you've received an IRS Notice of Deficiency and there is more than $10,000 at stake, Choice Tax Relief may be able to help you challenge the liability and, if you ultimately owe, address the resulting tax debt. 📞 Call Choice Tax Relief: 866-8000-TAX 👉 Schedule a free tax relief consultation: https://choicetaxrelief.com/free-tax-... #IRS #NoticeOfDeficiency #TaxDebt #TaxRelief #IRSNotice #TaxCourt #CP3219A