deficiency

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Deficiency

A shortage or insufficiency. The amount by which federal Income Tax due exceeds the amount reported by the taxpayer on his or her return; also, the amount owed by a taxpayer who has not filed a return. The outstanding balance of a debt secured by a mortgage after the mortgaged property has been sold to satisfy the obligation at a price less than the debt.

deficiency

noun absence, dearth, defect, deficit, destitution, failing, failure to comply, falling short, fault, faultiness, flaw, foible, impairment, imperfection, inadequateness, incompleteness, incompletion, insufficiency, lack, loss, meagerness, need, nonfulfillment, nonperformance, omission, paucity, penury, poverty, privation, scarcity, short supply, shortage, shortcoming, sparsity, ullage, want, weakness
Associated concepts: deficiency assessment, deficiency bill, deficiency decree, deficiency judgment, deficiency tax, innome tax deficiency, liability for deficiency, mental deficiency, notice of deficiency, recovery of deficiency, tax deficiency

References in periodicals archive ?

Darrell Shreve, director of Research and Regulation, Minnesota Health and Housing Association suggested deferring surveys for three years for facilities with two consecutive years of low-severity deficiencies.

Is process hurtful or helpful?

The arrival of the Internet has produced another supposedly nonmonetary penalty: HCFA posts information about the deficiencies found in a nursing home on its Web site.

The Supreme Court Strikes

In order to encourage prompt payment of proposed small deficiencies and collection notices, a letter or notice does not trigger the applicable date if the taxpayer makes a payment equal to the amount of tax, interest and penalties shown as due in the letter or notice within 30 days after the IRS sends it.

1990 act compliance provisions may affect corporate litigation strategies

At the moment, Robinson creates a nationwide rule disallowing the deduction of interest paid on income tax underpayments and deficiencies for noncorporate business taxpayers.

No noncorporate deduction for underpayment interest: a big blow to unincorporated businesses

The Tax Court held that the state deficiencies and state and Federal interest qualified as Sec.

Tax court provides guidance on Pre-1998 SLL claims

Hint: Make certain that the quality assurance committee verifies correction of deficiencies on the quality assurance plan consistent with the alleged date of compliance.

New Guidelines for Writing Plans of Correction

Also, the Committee Report declares that personal interest "generally" includes interest on tax deficiencies.

Is the deduction of interest on tax deficiencies finally over?

This age is burdened by deficiencies and health issues.

Vitamin Deficiency - Stop Killing Yourself

vWD is an exception with characteristic "platelet type" bleeding however severe cases may have similar severe bleeding typical of classic coagulation factor deficiencies.

FREQUENCY OF BLEEDING DISORDERS DIAGNOSED AT ARMED FORCES INSTITUTE OF PATHOLOGY RAWALPINDI

The auditor may identify deficiencies in internal control not only during this risk assessment process but also at any other stage of the audit.

Statement on auditing standards - communicating internal control related matters identified in an audit (redrafted)

Overall, the number of states with missed serious deficiencies on 25 percent or more of their comparative surveys declined from nine to six states, with eight of those states improving their overall performance.

Nursing Homes: Some Improvement Seen in Understatement of Serious Deficiencies, but Implications for the Longer-Term Trend Are Unclear

Nevertheless, it confirmed the greater risk of VTE with OC use in thrombophilic women, and clarified the absolute risk of VTE over a woman's reproductive life, which remains fairly stable because women with thrombophilic deficiencies are at such high risk to begin with.