Unlike a 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 IRS requests to pay outstanding taxes over a long period of time.
A seizure should not be taken lightly. The IRS will ultimately pursue seizure of your physical assets. Don't think they won't. Many newspaper and television shows have reported citizens being forced out of their homes after they were sold at IRS auctions, often for as little as half their value.
What All Can The IRS Seize From You?
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 seizes everything you own, including your home, cars, boats, jewelry, motorcycles, insurance policies and even your retirement funds.
A quick response is essential if you have experienced IRS seizure of your property or threats of seizure. There is no time to waste. My law firm is here to help you mitigate the damage and correct the tax problems that led to this critical situation.
Learn more about IRS seizures on the frequently asked questions page on this topic.
Take Action To Avoid Or Overcome IRS Seizure Of Your Assets
Do not simply give up if you find yourself facing the critical matter of IRS seizures of your belongings. Please contact attorney Allen Schuldenfrei at
Call 410-358-7435 or through the online form on how to turn your circumstances around. I serve clients throughout Harford, Howard and Anne Arundel counties.