Business, Legal & Accounting Glossary
A notice from the Internal Revenue Service (IRS) to a taxpayer after an audit. The letter states that there is a discrepancy or an error on the taxpayer’s return and unless petitioned, the taxpayer will be assessed. The taxpayer in this case has 90 days in which to respond to the IRS.
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This glossary post was last updated: 19th November, 2021 | 0 Views.