Basu received a letter from the IRS that gave him the choice of (1)paying a proposed deficiency or (2)filing a petition with the U.S. Tax Court. Basu received the:

Question

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A 90-day letter, also known as a statutory notice of deficiency, gives the taxpayer the option to either pay the proposed deficiency or file a petition with the U.S. Tax Court within 90 days of receiving the letter. This is the only option presented in the given scenario and matches the description of Basu's situation.

Basu Received a Letter from the IRS That Gave Him