Скачать или смотреть What Is An IRS 90-Day Letter (Notice Of Deficiency) In Income Tax Audits? - Tax and Accounting Coach

What Is An IRS 90-Day Letter (Notice Of Deficiency) In Income Tax Audits? In this informative video, we’ll break down the IRS 90-day letter, also known as the Notice of Deficiency. This official communication from the IRS informs taxpayers that there may be additional taxes owed beyond what was reported on their tax returns. Understanding the implications of receiving this letter is essential for anyone involved in an income tax audit. We’ll discuss the process that leads to the issuance of this letter, the details it contains, and the importance of the time frame it provides for disputing the IRS’s findings.

Learn about the specific adjustments the IRS makes to your tax return and how these adjustments are calculated. We’ll also explain what options you have if you disagree with the IRS’s assessment and how to navigate the process of filing a petition with the United States Tax Court. Consulting with a tax professional can be beneficial in determining your next steps.

Join us as we guide you through this complex topic, ensuring you have the knowledge to handle a 90-day letter effectively. Subscribe to our channel for more helpful information on tax and accounting matters.

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About Us: Welcome to the Tax and Accounting Coach channel! Our mission is to make tax and accounting topics approachable for everyone, whether you are a small business owner or someone looking to improve your personal finance skills. Here, you'll find content covering tax deductions, accounting basics, small business taxes, and practical tips for tax filing and bookkeeping essentials. We also share insights on IRS regulations, financial statements, and effective tax planning strategies to help you stay compliant and financially savvy.