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Revenue Agent's Report - RAR
What does it mean?
Changes to an assessment after examination by an IRS agent. The changes are recorded on form 4549.
In Other Words...
This isn't always bad news. If you were over-assessed (over-taxed) you'll be compensated. However, if the report declares a deficient assessment (you paid too little), then it is usually not the most pleasant news in the world...
Related Links
IRS.gov - The source of all things tax related in the United States
Related Terms
Audit | IRS | Loophole | Notice of Seizure | Office Audit | Taxes
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