Iowa Code § 422.30 — Jeopardy assessments —posting of bond

1. If the director believes that the assessment or collection of taxes will be jeopardized by delay , the director may immediately make an assessment of the estimated amount of tax due, together with all interest, additional amounts, or penalties, as provided by law . The director shall serve the taxpayer by regular mail at the taxpayer ’s last known address or in person, with a written notice of the amount of tax, interest, and penalty due, which notice may include a demand for immediate payment. Service of the notice by regular mail is complete upon mailing. A distress warrant may be issued or a lien filed against the taxpayer immediately . 2. The director shall be permitted to accept a bond from the taxpayer to satisfy collection until the amount of tax legally due shall be determined. Such bond to be in an amount deemed necessary , but not more than double the amount of the tax involved, and with securities satisfactory to the director .