IRS Seizures
Unlike the levy which involves intangible assets such as your bank
account, a seizure is the taking of physical assets, such as your home
or car. Seizures usually happen in aggravated cases when someone ignores
many requests by the IRS over a long period of time to pay their
outstanding taxes.
A
Seizure should not be taken lightly. The IRS will ultimately pursue
seizure of your physical assets. Don't think they won't. Many a
newspaper or television show has reported citizens being forced out of
their homes after it was sold at an IRS auction, often for as little as
half its value.
When the IRS seizes your assets they want to quickly sell them at
auction. They often get less than half your assets value, so they often
seize everything you own including your home, cars, boats, jewelry,
motorcycles, insurance polices, and even your retirement funds.
If
you've received an IRS seizure notice, it's time to act now! Please
complete the form below to get a Free Consultation with our tax
specialist.