Underpayments, Overpayments, and Deficiency Notices Checklist

Summary

This checklist provides a list of signposts and steps to take in acting on awareness issues tied to contesting notices of federal tax deficiencies, appeals from adverse decisions, and interest on underpayments and overpayments. The checklist purports to optimize the client's federal tax position pursuant to receiving a notice of deficiency. To avoid wasted effort and to achieve the best possible outcome for your client, you must confirm the facts and conditions on which the Service predicated its decisions on. This checklist stresses the most relevant factors to consider and steps to follow.