tax deficiency notice — See ninety day letter (90 day letter)?? … Black's law dictionary
deficiency — de·fi·cien·cy /di fi shən sē/ n pl cies: an amount that is lacking or inadequate: as a: the difference between the amount of tax owed and the amount of tax paid b: the difference between the amount owed under a security agreement and the amount… … Law dictionary
Tax avoidance and tax evasion — Tax avoidance is the legal utilization of the tax regime to one s own advantage, in order to reduce the amount of tax that is payable by means that are within the law. By contrast tax evasion is the general term for efforts to not pay taxes by… … Wikipedia
deficiency — A lack, shortage, or insufficiency. The amount by which the tax properly due exceeds the sum of the amount of tax shown on a taxpayer s return plus amounts previously assessed or collected as a deficiency, less any credits, refunds or other… … Black's law dictionary
deficiency — A lack, shortage, or insufficiency. The amount by which the tax properly due exceeds the sum of the amount of tax shown on a taxpayer s return plus amounts previously assessed or collected as a deficiency, less any credits, refunds or other… … Black's law dictionary
deficiency — The amount by which a project s cash flow is not adequate to meet debt service. Bloomberg Financial Dictionary * * * deficiency UK US /dɪˈfɪʃənsi/ noun [C] (plural deficiencies) ► [C] a situation in which something is not as good as it should be … Financial and business terms
tax — A charge by the government on the income of an individual, corporation, or trust, as well as the value of an estate or gift. The objective in assessing the tax is to generate revenue to be used for the needs of the public. A pecuniary burden laid … Black's law dictionary
Tax Court — ▪ American law in the United States, a court that hears cases involving tax litigation. Originally, a Board of Tax Appeals was set up in 1924 to hear cases in which, for example, a taxpayer might challenge the findings of an Internal… … Universalium
Deficiency — A deficiency is generally a lack of something. It may also refer to: A deficient number, in mathematics, a number n for which σ(n) < 2n Angular deficiency, in geometry, the difference between a sum of angles and the corresponding sum … Wikipedia
Tax noncompliance — Taxation An aspect of fiscal policy … Wikipedia
deficiency notice — ➔ notice * * * deficiency notice UK US noun [C] (US ► TAX an official document saying that the amount of tax recorded in someone s financial records is less than the tax they actually owe: »The court trimmed the total of his untaxed fraudulent… … Financial and business terms