ninety day letter

ninety-day letter. Statutory notice of a tax deficiency sent by the IRS to a taxpayer. • During the 90 days after receiving the notice, the taxpayer must pay the taxes (and, if desired, seek a refund) or challenge the deficiency in tax court. IRC (26 USCA) §§ 6212, 6213. — Also written 90-day letter. — Also termed notice of deficiency; deficiency notice; tax-deficiency notice. Cf. THIRTY-DAY LETTER. [Cases: Internal Revenue 4542. C.J.S. Internal Revenue § 650.]

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词条贡献者

资深译员Lynn，知名国际商学院金融专业，专注翻译各种与贷款人责任及其他银行业与金融机构诉讼有关的法律文件。