Deficiency Notices

When you do not declare all of the income on your return that the IRS has on file, you will receive a “Notice of Deficiency”. This notice will give you 90 days to petition the Tax Court. If you do not petition the Tax Court in the time specified, you will lose your right to go to Tax Court before paying the taxes the IRS says you owe. There are no extensions for the 90 day period.