DEFICIENCY LETTER

deficiency  letter.  1.  An  IRS  letter  to  a  taxpayer,  detailing  the  ways  in  which  a  tax  return

seems to be deficient. 2. An SEC letter to a registrant of a securities offering, detailing the ways in which the registration statement seems not to conform to federal disclosure requirements. — Also

termed letter of comment; letter of comments. [Blacks Law 8th]