Unlike the levy which involves intangible assets such as your bank account, an IRS seizure is the taking of physical assets, such as your home or car. 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. An IRS seizure notice should not be taken lightly. The IRS will ultimately pursue seizure of your physical assets. If you have received an IRS seizure notice, do not ignore it. Contact us to see how we can help address the situation. |