One of the things that makes people nervous is when they get a tax deficiency notice in the mail. However, this does not mean that you will be audited, pay a large fine, or have to go to jail.
Why it matters: Not responding to a notice could make matters worse. A prompt reply to the notice can help mitigate any potential problems that arise.
The big picture: Sometimes, the notice is just a request for more information. If it more than that and you disagree with any additional amounts due, you do have the right to appeal. If you do agree with the amount owed, but cannot pay it, you can set up a payment plan that allows you to pay your debt over time.
If you do get a notice of deficiency, talk to a CPA to see what your options are, and what can be done to lessen the effects of additional amounts due if they are levied.
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The ArtsFairfax Events Calendar is your destination for all arts and culture activities in Northern Virginia. Find a concert, play, poetry reading, or exhibition in your neighborhood—many events are free and family-friendly!
Are you part of a performing arts group, school, or cultural organization? You can add your events and classes, too. The ArtsFairfax Events Calendar is free and easy to use.
Your attendance at local arts events supports small businesses in our community and the art makers who help make Fairfax and its surrounding region so vibrant. With the ArtsFairfax Events Calendar, you can stay curious and stay local to plan your next arts adventure!

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