Unlike a regular levy which involves assets such as your bank account, a seizure is the taking of physical assets. Seizures usually happen in aggravated cases when someone ignores many requests by the IRS over a long period of time to pay their outstanding taxes.
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 seize everything you own including your home, cars, boats, jewelry, motorcycles, insurance policies, and even your retirement funds.
If you've received an IRS seizure notice, it's time to act now! Please complete the form below to get a Free Consultation with our tax specialist.