If you owe back taxes to the IRS, you may be at risk of IRS Seizures. This means the IRS can take possession of your assets, including property, bank accounts, and even personal belongings, to satisfy your tax debt. IRS Seizures can be a stressful and overwhelming experience, but understanding your rights and options can help you navigate the process.

How IRS Seizures Work

The IRS has the authority to seize your assets if you fail to pay your tax debt after receiving a notice and demand for payment. Before seizing your assets, the IRS must follow a specific procedure, which includes:

• Assessing the tax debt and sending a notice to the taxpayer
• Waiting 30 days for the taxpayer to respond or pay the debt
• Sending a final notice of intent to seize assets
• Waiting 30 days before taking action

Consequences of IRS Seizures

IRS Seizures can have severe consequences, including:

• Loss of property and assets
• Financial hardship and stress
• Damage to your credit score and financial reputation
• Even criminal charges in extreme cases