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.

单词	notice of seizure
释义	Notice of Seizure 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.
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