§ 422.30 — Jeopardy assessments — posting of bond

Iowa § 422.30

• Jurisdiction: Iowa
• Title X: FINANCIAL RESOURCES
• Ch. 422: INDIVIDUAL INCOME, CORPORATE, AND FRANCHISE TAXES

Text

1. If the director believes that the assessment or collection of taxes will be jeopardized by
delay, the director may immediately make an assessment of the estimated amount of tax due,
together with all interest, additional amounts, or penalties, as provided by law. The director
shall serve the taxpayer by regular mail at the taxpayer’s last known address or in person,
withawrittennoticeoftheamountoftax, interest, andpenaltydue, whichnoticemayinclude
a demand for immediate payment. Service of the notice by regular mail is complete upon
mailing. A distress warrant may be issued or a lien filed against the taxpayer immediately.
2. The director shall be permitted to accept a bond from the taxpayer to satisfy collection
untiltheamountoftaxlegallydueshallbedetermined. Suchbondtobeinanamountdeemed
necessary, but not more than double the amount of the tax involved, and with securities
satisfactory to the director.

Legislative History

[C35, §6943-f26; C39, §6943.062; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §422.30]