IRS Property Seizure Help
If you have unpaid tax debt and ignore IRS notices, the IRS may eventually seize your property to collect the balance you owe. Property seizure is one of the IRS’s most serious collection actions, but it is usually a last resort after other attempts to resolve the debt have failed.
Acting quickly can often help you avoid property seizure and keep more resolution options available.
What Property Can the IRS Seize?
Depending on your circumstances, the IRS may be able to seize assets such as:
- Homes and other real estate
- Vehicles
- Bank accounts
- Investment accounts
- Certain retirement accounts
- Business equipment and inventory
- Rental property and rental income
- Boats and other valuable assets
Not every asset is treated the same, and the IRS must follow specific legal procedures before seizing property.
How the Property Seizure Process Works
Before the IRS can seize your property, it generally must:
- Assess the taxes you owe.
- Send notices requesting payment.
- Give you the opportunity to pay your balance or make alternative arrangements.
- Issue a Final Notice of Intent to Levy and notify you of your right to request a hearing.
If you respond during this process, you may be able to prevent the seizure altogether.
Options to Prevent Property Seizure
Depending on your financial situation, you may qualify for one or more IRS resolution programs, including:
- IRS installment agreements (payment plans)
- Offer in Compromise
- Currently Not Collectible status due to financial hardship
- Collection appeals
- Other IRS tax relief options
The right solution depends on your financial circumstances, tax history, and eligibility under IRS guidelines.
How We Can Help
If you’ve received an IRS levy notice or are concerned about losing your property, don’t wait to seek help.
Led by CPA Roland Zita, with support from experienced Enrolled Agents and tax resolution professionals, our team helps individuals and business owners navigate IRS collection actions. We’ll review your case, explain your options, negotiate directly with the IRS, and work to protect your assets whenever possible.
Schedule a Free Consultation
The earlier you address IRS collection notices, the greater your chances of avoiding property seizure and resolving your tax debt on favorable terms.
Schedule a free, confidential consultation to discuss your situation and learn which IRS resolution options may be available to help protect your property and your financial future.