Business
In this episode, I discuss why you don't want to lose your "golden ticket" to U.S. Tax Court.
The IRS sends out a notice to taxpayers when it proposes an additional assessment. This notice is called a statutory notice of deficiency or SNOD. Along with this notice, you receive your right to challenge the IRS assessment in U.S. Tax Court. The catch is that you must file your challenge (called a petition) within 90 days of the date on the notice. Fail to do so results in a great many problems.
In this episode, I explain what the golden ticket is and why you should take great pains to not lose your right to petition the U.S. Tax Court.
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If you or someone you know has a tax problem and needs help now, call our office at 207-502-7181 or email us at jwade@jdwadelaw.com. We will be glad to help you. Otherwise, please enjoy our content and let us know if there are topics you'd like us to discuss.
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