|
|
Article: CDP procedures finalized.(collection due-process hearings for taxpayers)
- Article from:
- The Tax Adviser
- Article date:
- April 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 American Institute of CPA's. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Treasury has issued final regulations on taxpayers' rights to collection due-process (CDP) hearings as provided under the Revenue Reconciliation Act of 1998 in Secs. 6320 and 6330. Regulations provide the procedures for:
1. Notifying taxpayers when the IRS files a notice of Federal tax lien (NFTL);
2. Notifying taxpayers before the Service levies a tax;
3. Notifying taxpayers of their right to a CDP hearing for both of the above; and
4. Conducting CDP hearings and appealing the results.
The final regulations apply to any NFTL filed, or any levy occurring, after Jan. 8,1999.
Notice Procedures