IRS Seizures

A seizure is the takeover of physical assets, such as your home or car. Seizures happen in aggravated cases when requests by the IRS to pay their outstanding taxes have been ignored over a long period of time.

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.

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 they can including your home, cars, boats, jewelry, motorcycles, insurance policies, and possibly even your retirement funds.

A seizure should not be taken lightly. The IRS will ultimately pursue seizure of your physical assets. 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.

We can negotiate a favorable resolution and payment plan so that you do not have any unforeseen difficulties. Call us.

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.

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