IRS Seizures

The thought of the IRS taking your properties to pay off taxes and solve your IRS problems is devastating. If you need assistance, our office can help you to solve your IRS problems.

Some normal reasons for the IRS to take your properties:

• If you continue to not pay your taxes
• If you are not going to find a way to pay your tax debt
• If everything tried failed to collect your tax debt

As a last option, the IRS will consider seizing your properties, if you owe a huge amount in tax debt, and if your tax debt has been around for quite a long time, it would have accumulated interest and penalties. The IRS will appraise the value of your assets prior to seizing them.

Assets that may be seized include:

• your house
• your bank account
• your wages
• your life insurance
• your collectibles
• your pensions, Keoghs, and IRAs
• your vehicles
• your investment and luxury real estate
• your stocks and bonds
• assets transferred to friends and family

Your finances will suffer and it could be devastating if your properties are seized.

A hearing has to be allowed by the IRS before the properties can be seized. You can use this time to raise money to pay the taxes. At this hearing you may bring up important issues including "Is the seizure fair?" or "Can I start an Installment Agreement or Offer in Compromise?"

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