IRS Office of Deficiency
The "IRS Office of Deficiency" refers to a division within the Internal Revenue Service (IRS) that is responsible for issuing deficiency notices to taxpayers. A deficiency notice, also known as a statutory notice of deficiency, is a formal document sent by the IRS to inform a taxpayer that they have been found to owe additional taxes, penalties, or interest, after an audit or examination of their tax return.
The legal definition of the IRS Office of Deficiency can be found in the Internal Revenue Code (IRC) Section 6212, which authorizes the IRS to issue deficiency notices. This section specifies that the IRS Office of Deficiency is the entity within the agency that has the authority to issue these notices.
In summary, the IRS Office of Deficiency is a formal division of the IRS responsible for issuing deficiency notices to taxpayers who have been found to owe additional taxes, penalties, or interest after an audit or examination of their tax return.
Understanding the IRS Office of Deficiency
As a taxpayer, you may have heard of the term "IRS Office of Deficiency," but do you really know what it means? The IRS Office of Deficiency is a legal process that the IRS uses to inform taxpayers that they owe additional taxes, penalties, and interest. In this article, we will explain what the IRS Office of Deficiency is, how it works, and how the Carr Law Firm can help.
What is the IRS Office of Deficiency?
The IRS Office of Deficiency is a legal process that the IRS uses to notify taxpayers that they owe additional taxes, penalties, and interest. This process is triggered when the IRS determines that there is a discrepancy between the tax return a taxpayer filed and the amount of tax the IRS believes the taxpayer owes. The IRS sends the taxpayer a Notice of Deficiency, which explains the discrepancy and how the IRS calculated the additional tax owed.
How does the IRS Office of Deficiency work?
The IRS Office of Deficiency process starts when the IRS sends the taxpayer a Notice of Deficiency. The notice will include a detailed explanation of the discrepancy, the additional tax owed, and how the IRS calculated the amount owed. The notice will also explain the taxpayer's rights to dispute the deficiency in Tax Court.
Once the taxpayer receives the Notice of Deficiency, they have 90 days to petition the Tax Court to dispute the deficiency. If the taxpayer does not petition the Tax Court within 90 days, the IRS will assess the additional tax, penalties, and interest. If the taxpayer does petition the Tax Court, the IRS cannot assess the additional tax until the Tax Court makes a final decision.
How can the Carr Law Firm help?
If you have received a Notice of Deficiency from the IRS, you need an experienced tax attorney to help you understand your rights and options. The Carr Law Firm, located in Maricopa County in the Phoenix Metro Area, specializes in Arizona tax law representation and can help you navigate the IRS Office of Deficiency process.
With over 25 years of legal experience and a Master's Degree in Taxation, Founding Attorney Nathan E. Carr and his team have the knowledge and expertise to represent you in Tax Court and negotiate with the IRS on your behalf. We understand how stressful and overwhelming a Notice of Deficiency can be, and we are here to help you achieve the best possible outcome.
Contact the Carr Law Firm today to schedule a consultation and discuss how we can help you with your IRS Office of Deficiency case. Don't wait until it's too late to take action - the sooner you contact us, the better your chances of success.
Arizona Tax Law Representation
The Carr Law Firm specializes in Arizona tax law representation, and we have helped countless clients with their tax issues. Our website includes several resources on Arizona tax law, including the Arizona Revised Statutes and the Arizona Department of Revenue website.
In addition, we offer a free Arizona Tax Law Guide on our website, which provides a comprehensive overview of Arizona tax law and common tax issues that taxpayers face. We also have a blog section where we regularly post articles on tax law and related topics.
Conclusion
Receiving a Notice of Deficiency from the IRS can be a stressful and overwhelming experience. However, with the help of an experienced tax attorney like the Carr Law Firm, you can navigate the IRS Office of Deficiency process and achieve the best possible outcome.
If you have received a Notice of Deficiency from the IRS, don't wait - contact the Carr Law Firm today to schedule a consultation and discuss your options. Our team is dedicated to providing high-quality legal services and achieving successful outcomes for our clients.