When the IRS proposes to add tax to a taxpayer’s account, they must first ask the taxpayer to agree and if they don’t agree, the IRS issues a Notice of Deficiency. If the taxpayer files a Tax Court Petition, the US Tax Court gains jurisdiction over the matter until it is resolved.
What is Tax Court? How do you end up there? What do you do when you get there? What’s going to happen? Odds are if you have a Notice of Deficiency from the IRS you have these questions and maybe many more. Find out more by watching the video below.