Pre-notice payment of tax allows voluntary settlement with interest and penalty to prevent issuance of a notice. A person chargeable with tax may, before issuance of a notice or a statement, opt to pay the demand by settling the tax together with interest and a ... Summary
Pre-notice payment of tax allows voluntary settlement with interest and penalty to prevent issuance of a notice.
A person chargeable with tax may, before issuance of a notice or a statement, opt to pay the demand by settling the tax together with interest and a fifteen percent penalty, the amount being either self-ascertained or informed by the proper officer; upon such payment no notice shall be issued in respect of the tax so paid.
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