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An IRS seizure is the taking of physical assets such as your home or your car. If you ignore repeated requests to pay outstanding taxes, the IRS will move quickly and forcefully to seize and sell your property.
They will take your property and sell it at auction. Your assets typically draw less than half their value at auction, so the IRS will take everything you have - home, car, jewelry, insurance policies, even retirement funds - in order to collect the money they are owed. Seizure may result in you being forced out of your home after the IRS has sold it at auction.
JB Tax and Bookkeeping can help draft a plan for paying back your taxes, and get you on the road to financial recovery.
If you've received an IRS seizure notice, do not delay. Please complete the form below to get a free consultation with our tax specialists in the Greater Dallas-Fort Worth area.