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LSDefine

Simple English definitions for legal terms

deficiency notice

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A quick definition of deficiency notice:

A deficiency notice is a letter sent by the IRS to a taxpayer informing them that they owe more taxes than they have paid. The taxpayer has 90 days to either pay the taxes or challenge the deficiency in tax court. If they do not take action within this time frame, the IRS can take legal action to collect the owed taxes. This notice is also known as a 90-day letter or notice of deficiency.

A more thorough explanation:

A deficiency notice, also known as a ninety-day letter, is a legal notice sent by the Internal Revenue Service (IRS) to a taxpayer informing them of a tax deficiency. This means that the IRS has determined that the taxpayer owes more taxes than they have paid. The notice gives the taxpayer 90 days to either pay the taxes owed or challenge the deficiency in tax court.

For example, if a taxpayer files their tax return and the IRS determines that they owe an additional $5,000 in taxes, the IRS will send a deficiency notice to the taxpayer. The taxpayer then has 90 days to either pay the $5,000 or challenge the deficiency in tax court.

It is important for taxpayers to respond to a deficiency notice within the 90-day period, as failure to do so can result in the IRS taking collection actions, such as garnishing wages or seizing assets.

deficiency letter | deficiency suit

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WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
ClassyPleasantHeron
10:01
The "date changes" at Michigan really don't mean anything. We had to do them in undergrad admissions whenever a Georgia applicant picked the country instead of the state, because we'd have to remove the TOEFL requirement and reassign the application from the international application readers.
soapy
10:06
Classy, does that mean they may look at your application, and that look doesn't necessarily trigger any date change?
1a2b3c4d26z
10:06
Man
1a2b3c4d26z
10:07
Walkin to the bus
1a2b3c4d26z
10:07
What a good day to get into law school
ClassyPleasantHeron
10:11
@soapy: I don't know for sure about the law school. For undergrad, once the application is complete, it's assigned to a reader the following Monday. If we had to make any changes, it's because a reader saw something that needed to be changed and the application needed to be re-read after that change.
soapy
10:12
Ahh, got it. Thank you for the insight!
ClassyPleasantHeron
10:14
You're welcome. FWIW, I have no idea what's up with the address changes. We didn't have to do any of that, except for the Georgia state vs country kinds of things.
soapy
10:15
I've heard it theorized that some schools will change the address from "St." --> "Street" as they prepare to send out admissions packets. That's the rumor, anyways.
i think it just indicates a change in status like under review or stages of review
my stanford address went long as soon as it was marked complete lmao
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