Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “deficiency notice”

deficiency notice

noun [C]
 
 
( also notice of deficiency) 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 income to $31,500 from the $53,000 listed by the IRS in its deficiency notice.
(Definition of deficiency notice from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of deficiency notice?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “deficiency notice”

Word of the Day

escapism

a way of avoiding an unpleasant or boring life, especially by thinking, reading, etc. about more exciting but impossible activities

Word of the Day

Lies, lies, lies!

by Kate Woodford,
February 25, 2015
​​​ According to sociologists (=people who study the relationships between people living in groups), we are good at lying. As a species, we have developed a remarkable ability to deceive each other (= persuade each other that something false is true). Being able to say things that are not true can help with

Read More 

showrooming noun

February 23, 2015
the activity of examining a product in a physical store and then making the purchase with an online retailer Amazon’s new smartphone is specifically designed to make showrooming fast and easy.

Read More