Remission or Mitigation of Forfeiture

IRC §7327

Taxpayers may apply for the remission (cancellation) or mitigation (reduction) of forfeitures incurred under internal revenue laws using customs law procedures.

Eligibility

Available to taxpayers who have incurred or are alleged to have incurred forfeitures under the internal revenue laws.

Frequently Asked Questions

Who is eligible for the Remission or Mitigation of Forfeiture?

Available to taxpayers who have incurred or are alleged to have incurred forfeitures under the internal revenue laws.

How does the Remission or Mitigation of Forfeiture work?

Taxpayers may apply for the remission (cancellation) or mitigation (reduction) of forfeitures incurred under internal revenue laws using customs law procedures.

What law authorizes the Remission or Mitigation of Forfeiture?

The Remission or Mitigation of Forfeiture is authorized under IRC §7327 of the Internal Revenue Code (Title 26, United States Code).

Statutory Text — IRC §7327

Source: Internal Revenue Code, Title 26, United States Code

§ 7327. Customs laws applicable The provisions of law applicable to the remission or mitigation by the Secretary of forfeitures under the customs laws shall apply to forfeitures incurred or alleged to have been incurred under the internal revenue laws. (Aug. 16, 1954, ch. 736, 68A Stat. 871; Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834.) Editorial Notes Amendments1976—Pub. L. 94–455 struck out “or his delegate” after “Secretary”.

Legal Sources

US Code (Official) — 26 USC §7327 → Cornell Law Institute — 26 USC §7327 → Search IRS.gov for IRC §7327 → Treasury Regulations (26 CFR) →

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