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LSDefine

Simple English definitions for legal terms

deficiency letter

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A quick definition of deficiency letter:

A deficiency letter is a letter sent by the IRS or SEC to a taxpayer or registrant, respectively, that outlines the ways in which a tax return or registration statement appears to be incomplete or not in compliance with federal requirements. It is also known as a letter of comment or letter of comments.

A more thorough explanation:

A deficiency letter is a communication from a government agency, such as the Internal Revenue Service (IRS) or the Securities and Exchange Commission (SEC), to a taxpayer or registrant, respectively, indicating that there are issues with their tax return or registration statement.

For example, an IRS deficiency letter may inform a taxpayer that their tax return is incomplete or contains errors that need to be corrected. Similarly, an SEC deficiency letter may highlight areas where a registration statement does not meet federal disclosure requirements.

These letters are also known as letters of comment or letters of comments.

Overall, a deficiency letter serves as a notice to the recipient that they need to take action to address the issues identified by the government agency.

deficiency in tax | deficiency notice

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11:23
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BulbasaurNoLikeCardio
11:24
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babycat
11:24
@BulbasaurNoLikeCardio: no booboo I’m just trying to increase flexibility a little. I feel like if u develop too much muscle on ur legs and don’t stretch they get tight
JumpySubsequentDolphin
11:26
my hips are so tight its acc miserable
BulbasaurNoLikeCardio
11:26
@babycat: got to keep those legs flexible so you don't pull anything, I need to get back into yoga to release and stretch out tension in my muscles. Stretching is where I fail the most with fitness
11:26
This song came out today and I think I legit have listened to it like 50
11:26
Times already
1a2b3c4d26z
11:26
Need to stretch more
1a2b3c4d26z
11:27
Run this morning felt like legs were made of goop
glovediedthisishismom
11:27
a secret home remedy for chapped lips is to lick them. your saliva will moisten the lips and relieve the chapping
1a2b3c4d26z
11:27
Sometimes I think I write like rorschach from watchmen
11:28
@glovediedthisishismom: just bite your lip,. gives good brain feel when peelin the dry skin
babycat
11:28
yeah it’s insane how much better hip flexor stretches can make you feel sometimes
11:28
Probably the most important long term mobility thing you can do
1a2b3c4d26z
11:28
Pigeon stretch GOAT
1a2b3c4d26z
11:29
Stretching was probably the biggest factor in becoming elite in my sport tbh
1a2b3c4d26z
11:29
well mobility in general
m10
11:29
Nah you wanna be wound up tight like a clock. All your parts working in synchronization, never missing a second.
BulbasaurNoLikeCardio
11:30
When I get home I think I will pull up a youtube yoga video and lay out the mat by the fireplace now, feeling guilty I haven't been stretching properly
1a2b3c4d26z
11:30
tighter you are, more potential energy you have. Your body is a spring. It's just physics
m10
11:30
Exactly.
JumpySubsequentDolphin
11:30
yoga classes stress me out
WorthlessAttractiveZombie
11:31
W&L put their scholarship info on the portal for those who were admitted 11/12
m10
11:31
Gotta always be ready to release that energy. Like if I am in a fight at the bar, I just gotta bust out a couple punches. No stretching.
JumpySubsequentDolphin
11:31
the instructor will be like "forget all of the things that youre stressing about" which reminds me of all of the things im stressing about
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