Received an IRS Notice CP3219A? This is a Notice of Deficiency, sometimes called a statutory notice of deficiency, and it means the IRS believes you owe additional tax based on information that doesn’t match what was reported on your tax return. In this video, Logan Allec, CPA and founder of Choice Tax Relief, walks through the new version of IRS Notice CP3219A section by section and explains what it actually means, why the IRS sends it, and what you should do after receiving one. We cover: - What IRS Notice CP3219A means - Why a CP2000 often comes before a CP3219A - Why a CP3219A is not yet a tax bill - What the IRS believes was missing or incorrectly reported - How to review the income reported to the IRS by third parties - Why stock or cryptocurrency cost basis can dramatically affect the proposed tax - Why business expenses may reduce unreported 1099 income - What Form 5564, Notice of Deficiency Waiver, does - When you should—and should not—agree to the IRS changes - Your U.S. T...