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English definition of “notice of deficiency”

notice of deficiency

noun [C] (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 noun from the Cambridge Business English Dictionary © Cambridge University Press)

More Business English definitions for “notice of deficiency”

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