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This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn: - To differentiate between a hard statutory deadline, like the 90-day rule for a Notice of Deficiency, and a more flexible administrative deadline. - That the first step upon receiving an IRS notice is to verify its authenticity and then pull the client's account transcript for a complete picture. - How to always identify the core four elements of any IRS notice: the notice number, the specific tax period, the proposed change, and the response deadline. - That the 90-day period to petition the Tax Court begins on the date the Statutory Notice of Deficiency is mailed, not when it is received. - Why you must always use a documented delivery method, like certified mail, to respond to the IRS to create a legal record of timely correspondence.
For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep
