Unlike a levy, which involves liquid assets such as your bank account, a seizure is the taking of physical assets, such as your home or car. Seizures happen in aggravated cases when someone ignores repeated requests by the IRS over a long period.
Do not take seizure threats lightly. If you fail to address your tax issues, the IRS will ultimately pursue seizure of your physical assets. Do not think they will not. Many a newspaper or television show has reported on citizens forced out of their homes after the home is sold at an IRS auction, often for far less than its true value.
When the IRS seizes your assets, they want to liquidate them quickly to get the cash to reduce your debt with them. They sell seized assets at auction, which means they often get less than half of what the asset is worth. You can be sure you are losing much of your equity in the asset.
We can help with Seizures of Assets!
If the IRS is threatening to begin seizing your assets you need to move quickly. You need to contact a tax resolution specialist today to begin working on your case immediately. Every minute counts. Call us today at (716) 631-5111.
Once you become our client you won’t have to speak to the IRS anymore.
If they want information or to talk to you they will have to go through us. The first step to getting tax problem help is calling us at (716) 631-5111 and scheduling a one hour no obligation case evaluation with one of our Certified Tax Resolution Specialists. During this meeting we will discuss the details of the case and make plans to start the investigation. During the investigation phase of your case we will be gathering information, pulling transcripts, and finding out what the IRS knows about you. Once all the details are in place we will set up another meeting to go over your resolution options.
Trying to figure out how to end a tax problem on your own probably feels overwhelming, and that’s why you’re entitled to representation. Take advantage of it! Believe it or not an experienced taxpayer representative often knows more about the IRS programs and rules than a lot of IRS agents!
Let us help with your the seizures of your assets. Call (716) 631-5111 today.
Common Tax Problems
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Potential Solutions
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