If the IRS receives the request within 30 calendar days plus five business days of the filing of the lien or 30 days of the notice of intent to levy, it suspends collection action while Appeals provides a CDP hearing.
What does NIL stand for?
NIL stands for Notice of Intent to Levy (law)
This definition appears very rarely and is found in the following Acronym Finder categories:
- Military and Government
See other definitions of NIL
We have 47 other meanings of NIL in our Acronym Attic
- National Imagery Library (NIMA)
- National Information Library
- National Institute for Literacy
- Near-Isogenic Line
- Network Innovation Laboratories (NTT)
- Network Intelligent Link
- Netzwerk für Improvisation Leipzig (German: Network for Improvisation Leipzig)
- Next in Line
- Not in List (Pascal programming language)
- Nothing in Line
- Nuclear Induced Lightning
- National Independent Living Association
- National Indigenous Literacy Association (Human Resources and Social Development Canada)
- National Institute for Leadership Advancement
- National Insurance Licensing Associates
- National Insurance Licensing Associates (Framingham, MA)
- Nebraska International Languages Association
- Navy Integrated Learning Asset Repository System
- National Institute of Legal Academic Support (Littleton, CO)
- Nature in Legend and Story
Samples in periodicals archive:
The taxpayer received a "Final Notice of Intent to Levy and Notice of Your Right to a Hearing" at least 30 days before the levy was to occur.
A levy results only after a taxpayer has neglected to pay their tax and disregarded a “Notice and Demand for Payment” and the “Final Notice of Intent to Levy and Notice of Your Right to a Hearing.
Although paying a tax levy can exclude early IRA withdrawals from an otherwise applicable 10% penalty, a notice of intent to levy does not have the same effect, the Tax Court held.
On November 1, 2006, after learning of the notice of intent to levy and speaking with an attorney, Denise filed two applications under Secs.
In that case, the court rejected the taxpayer's argument that since her husband received the notice of intent to levy and forged her signature to the certified mail receipt for it, she was entitled to an extension.
RLI did not pay the assessments, and the IRS issued a final notice of intent to levy.
Trout did not reply to the letter, and the IRS subsequently issued him a notice of intent to levy on the full amount of tax that he owed before he entered into the OIC.