Unlike the IRS levy that 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 you ignores many requests by the IRS over a very 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. Do not think they won't. Many a newspaper as well as television show has reported citizens being forced out of their houses after it was sold at an IRS auction, often for as little as half its value.
When the IRS seizes your assets they will try to quickly sell them at auction. They often get less than half of your assets value, so they often seize everything you own including from your home, cars, boats, jewelry, motorcycles, insurance policies, & even your retirement funds.
If you have received an IRS seizure notice, it's time to act now! Please complete the form to get a Consultation with our tax specialist.
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Makemytaxes is a company which provide Tax Debt Resolution and Debt relief.Our service is to get the taxpayer immediate relief from IRS or State Tax debt relief.Find out More