Seizures consistently happen in aggravated cases when someone ignores many requests by the IRS over a long period of time to pay their outstanding taxes whereas the levy includes intangible assets such as your bank account. A seizure includes taking of physical assets such as your home or car.

The IRS may ultimately pursue seizure of your physical assets as it is not as simple as it seems to be. Many reports reveal that citizens are forced out of their homes after it was sold at an IRS auction, often for as little as half its value.

When your assets are seized by the IRS they want to quickly sell them at auction. They usually get less than half your assets to value, so they often seize everything you own including your home, boats, cars,  jewelry, insurance policies, motorcycles, and even your retirement funds.

We advise you to contact us and get a free consultation with our tax specialists, if you’ve received an IRS seizure notice.