Video: Small Cases Division, Writ of Certiorari, and Notices of Deficiency

In this engaging lesson, Nick Palazzolo, CPA, breaks down the intricacies of the Small Cases Division of the U.S. Tax Court, showcasing how it simplifies the resolution of less substantial tax disputes with a more informal approach. He guides through the specific monetary thresholds that define this division's jurisdiction and explains why its decisions aren't used as precedents. Switching gears, Nick clarifies the function and significance of the writ of certiorari within the judicial system, illustrating how it serves as a quality check for lower court decisions and becomes pivotal when a serious legal error in a tax case is suspected. Rounding out the lesson, Nick demystifies IRS notices of deficiency, contrasting the '90-day letter' with the '30-day letter' and detailing the procedural steps a taxpayer must follow to legally contest additional tax assessments. This comprehensive wrap-up ensures all key points about the judicial process in tax law are neatly packaged and clear.