deficiency

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Navigating IRS letters of deficiency

Over the past twelve months, we’ve noticed a concerning rise in IRS deficiency notices (CP3219N) sent to taxpayers. In most cases, these letters result from discrepancies between filed tax returns and the IRS's records from third-party sources. When the IRS identifies a difference, they send a notice with the following options:File a Tax Return Within

By |2024-11-17T21:34:21+00:00November 17th, 2024|Categories: Business, Individuals|Tags: , , , , , , |

More notice of deficiencies in circulation and potential last resort, U.S. Tax Court

Over the summer and until now, we have observed a higher number of Notices of Deficiencies from the IRS in forums, colleagues discussions and through clients' consultations. This trend seems in line with other tax authorities at the State and Local levels (i.e. Philadelphia) were they put on hold the automatic notices and some collection

By |2024-11-12T20:28:20+00:00November 17th, 2023|Categories: Business, Individuals|Tags: , , , , , , , , |
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