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Its general concepts - Every tax payer has a right to a remedy for any actual wrong he may have suffered in the collection
of taxes.
e. Tax Lien – is a legal claim or charge on property, either real or personal,
established by laws as a security in default of the payment of taxes.
f. Forfeiture
g. Civil Penalties – Interests/Surcharge
Distraint is a remedy whereby the collection of tax is enforced on the goods, chattels,
or effects of the taxpayer including personal property of whatever character as well
as stocks and other securities, debts, credits, bank accounts, and interest in and
rights to personal property.
Levy refers to the seizure of real property and interest in or rights to such properties
for the satisfaction of taxes due from the delinquent taxpayer. Levy can be made
before, simultaneously, or after the distraint of personal property.
Constructive Distraint – Here, the owner is merely prohibited from disposing his
personal property.