Notice of Seizure

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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 ?
'On March 20, CMC di Ravenna received news from Mitchell Cotts and Siginon bonded warehouse that various notices of seizure issued by the respondents had been served on them in a paramilitary-style raid, seizing the applicant's vehicles that were held there awaiting the clearance from KRA,' Harney said.
KRA had issued five notices of seizure relating to 28 vehicles.
Mr Vincent Kwenda, director of land acquisition in President Robert Mugabe's office, told the newspaper that the farms would be resettled by landless blacks immediately after owners received individual notices of seizure from the government, possibly next week.