Notice of Transferee or Fiduciary Liability letter. This is an example of Letter 3424 showing transferor John Pelican with an income tax deficiency of $6,832 and $6,959, for 2000 and 2001 tax years, respectively, and accuracy penalties of $1,366 and $1,392, respectively. The notice shows $10,000 of this deficiency is the liability of Robert Robin, as transferee of assets of John Pelican.