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Form 5564 PDF

Form 5564 PDF

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Instructions and help about 5564 form

My name is Debra Gregory I'm a tax attorney a managing member of the law office of Deborah Gregory for over 12 years I was an attorney for the IRS today I want to talk to you about what it means to receive a statutory notice of deficiency and the necessary steps you must take when you receive one a notice of deficiency also called a statutory notice of deficiency or a 90-day letter is a legal notice in which the IRS Commissioner determines the taxpayers tax deficiency the notice of deficiency is delivered to the taxpayer by certified or registered mail the notice of deficiency is a legal determination that is presumptively correct this means that you the taxpayer have the burden of proving the IRS is wrong the statutory notice the deficiency consists of a letter explaining the purpose of the notice the amount of the deficiency the taxpayers options a waiver to allow the taxpayer to agree to the additional tax liability a statement showing how the deficiency was computed and an explanat

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