Received an IRS Notice of Deficiency? Whether your notice is a CP3219A, CP3219N, Letter 531, or another version of the IRS’s statutory notice of deficiency, you need to understand what it means—and, especially, the deadline attached to it. In this video, CPA Logan Allec walks through an actual IRS Notice of Deficiency and explains what the IRS is proposing, why you may have received the notice, and what your options are if you agree or disagree with the additional tax. We cover: - What an IRS Notice of Deficiency actually means - Why it’s sometimes called a 90-Day Letter, NOD, or statutory notice of deficiency - The difference between a proposed tax and an assessed tax - Why you might receive one after an audit, CP2000, or Substitute for Return - What happens if you sign Form 5564 and agree with the IRS - How to dispute the IRS administratively - When you may need to petition the U.S. Tax Court - Why missing the Tax Court deadline can permanently eliminate that option - How deductio...