Should my IRS account show a Notice of Deficiency amount?

March 26, 2021 by Rhonda D. Guillory, EA

Why doesn't my IRS account show that I owe money if I received a notice of deficiency?

-Ronald


Hi Ronald –

Thank you for your great question. Any tax deficiency, penalties, and interest shown on a Notice of Deficiency represent an estimated amount due based on the proposed changes to your tax return. So, while the amount shown may look like a final amount due, the IRS will generally update your account when the tax is assessed. The tax assessment occurs if the last day to petition the tax court passes without resolving the issues noted or filing a petition to Tax Court. For more information about what to do if you get a Notice of Deficiency, please read this blog post.

If you have an audit defense membership with us, please report your notice to us as soon as possible so we can explain your options. 

Best Regards,
Rhonda Guillory, EA