Notice of Seizure

(redirected from Seizure Notices)

Notice of Seizure

In U.S. tax, a letter informing the recipient that the IRS has permission to seize the recipient's assets for nonpayment of taxes. If a taxpayer is grossly delinquent in payment of taxes, the IRS has the right and ability to seize and sell the taxpayer's assets to make up for what is owed. In order to do this, the IRS must send a Notice of Seizure, which gives the taxpayer the right to appeal the decision. If no appeal is made, or if it is found against the taxpayer, the IRS may seize any and all assets to pay back taxes and accrued interest.
References in periodicals archive ?
Seizure notices have been placed on the land or delivered to the known owners.
Al-Hayat al-Jadida was the only newspaper to highlight new Israeli tenders for the building of 312 housing units in East Jerusalem, intensive excavations in the East Jerusalem neighborhood of Silwan, and seizure notices of 169 dunums of land in Salfit.
David Thomson, chief of South Ayrshire Trading Standards, said: "We've had official seizure notices translated into Romanian and Bulgarian to deal with the problem in our town centres.