Meaning of “notice of deficiency” in the English Dictionary

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"notice of deficiency" in Business English

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notice of deficiencynoun [ C ]

uk us plural notices of deficiency US

TAX →  deficiency notice :

It is not unusual for problems relating to a notice of deficiency to be resolved without fully litigating the issue in the Tax Court.

(Definition of “notice of deficiency” from the Cambridge Business English Dictionary © Cambridge University Press)