IRS Seizures

IRS Seizures

Unlike a levy targeting intangible assets like your bank account, a seizure involves confiscating physical assets such as your home or car. This typically occurs in severe cases where repeated requests by the IRS to settle outstanding taxes have been ignored.

It's crucial to take the possibility of a seizure seriously. The IRS is fully prepared to take physical assets if necessary. Numerous reports in newspapers and on television show people being evicted from their homes, which are then sold at IRS auctions, often for much less than their value—sometimes as little as half.

When the IRS proceeds with a seizure, it aims to sell the assets quickly at auction. It frequently receives less than half of the asset's value, which is why it may seize everything you own, including homes, cars, boats, jewelry, motorcycles, insurance policies, and even retirement funds.

Contact Us
reusable

Ready to optimize your finances? 
Apply now or request a quote for tailored accounting solutions today!

Contact Us

Cheryl Sayers, CPA P.C.

Founded on the principle that every small business owner deserves efficient accounting solutions, We are dedicated to saving time, minimizing taxes, and simplifying life.

Contact Us

Address

820 S. Shore Road PO Box 1193 Marmora, NJ 08223

Phone

(609) 390-0600

Email

Info@csayerscpa.com
© 2025 Cheryl Sayers, CPA P.C. All rights reserved. Powered by Amplispot.
envelope phone-handset map-marker linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram Skip to content