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 contact us. |
