§6336 — Sale of perishable goods
4 cases·2 followed·2 cited—50% support
Statute Text — 26 U.S.C. §6336
If the Secretary determines that any property seized is liable to perish, he shall appraise the value of such property and—
If the owner of the property can be readily found, the Secretary shall give him notice of such determination of the appraised value of the property. The property shall be returned to the owner if, within such time as may be specified in the notice, the owner—
Pays to the Secretary an amount equal to the appraised value, or
Gives bond in such form, with such sureties, and in such amount as the Secretary shall prescribe, to pay the appraised amount at such time as the Secretary determines to be appropriate in the circumstances.
If the owner does not pay such amount or furnish such bond in accordance with this section, the Secretary shall as soon as practicable make public sale of the property in accordance with such regulations as may be prescribed by the Secretary.
Treasury Regulations
- Treas. Reg. §Treas. Reg. §301.6336-1 Sale of perishable goods
- Treas. Reg. §Treas. Reg. §301.6336-1(a) Appraisal of certain seized property.
- Treas. Reg. §Treas. Reg. §301.6336-1(b) Return to owner.
- Treas. Reg. §Treas. Reg. §301.6336-1(c) Immediate sale.
4 Citing Cases
zed Property Pursuant to Section 6335(f) Under section 6335(f), the owner of any property seized by (cid:16)04le2vy may request the Commissioner to sell the seized property within 60 days after the request (or within any longer period 9 We note that sec. 6336 authorizes the Commissioner to sell any seized property that is liable to perish or become greatly reduced in price or value by keeping. Except in hindsight, petitioners do not allege facts that might have authorized an immediate sale of th