Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
notice of deficiency — UK US noun [C] (US ► TAX DEFICIENCY NOTICE(Cf. ↑deficiency notice): »It is not unusual for problems relating to a notice of deficiency to be resolved without fully litigating the issue in the Tax Court … Financial and business terms
Notice Of Deficiency — A letter from the Internal Revenue Service that advises a taxpayer about delinquent taxes owed plus any penalties and interest. A notice of deficiency is sometimes also called a 90 day letter because it gives the taxpayer 90 days to dispute the… … Investment dictionary
notice — no‧tice [ˈnəʊts ǁ ˈnoʊ ] noun 1. [uncountable] information or a warning about something that is going to happen: • These rules are subject to change without notice (= no notice needs to be given ) . • Either party may terminate the contract with … Financial and business terms
deficiency — de·fi·cien·cy /di fi shən sē/ n pl cies: an amount that is lacking or inadequate: as a: the difference between the amount of tax owed and the amount of tax paid b: the difference between the amount owed under a security agreement and the amount… … Law dictionary
notice — Information; the result of observation, whether by the senses or the mind; knowledge of the existence of a fact or state of affairs; the means of knowledge. Intelligence by whatever means communicated. Koehn v. Central Nat. Ins. Co. of Omaha, Neb … Black's law dictionary
notice — Information; the result of observation, whether by the senses or the mind; knowledge of the existence of a fact or state of affairs; the means of knowledge. Intelligence by whatever means communicated. Koehn v. Central Nat. Ins. Co. of Omaha, Neb … Black's law dictionary
Deficiency — Conceptually, the numerical difference between the amount of tax that a taxpayer or taxpaying entity reports on a tax return and the amount that the IRS determines is actually owed. The term only applies to shortfalls and not to surpluses.… … Investment dictionary
deficiency notice — ➔ notice * * * deficiency notice UK US noun [C] (US ► TAX an official document saying that the amount of tax recorded in someone s financial records is less than the tax they actually owe: »The court trimmed the total of his untaxed fraudulent… … Financial and business terms
deficiency — A lack, shortage, or insufficiency. The amount by which the tax properly due exceeds the sum of the amount of tax shown on a taxpayer s return plus amounts previously assessed or collected as a deficiency, less any credits, refunds or other… … Black's law dictionary
deficiency — A lack, shortage, or insufficiency. The amount by which the tax properly due exceeds the sum of the amount of tax shown on a taxpayer s return plus amounts previously assessed or collected as a deficiency, less any credits, refunds or other… … Black's law dictionary
