Alternatives to the Seizure of your Home for Delinquent Taxes.
- July 9, 2019
- David Greene
- Comments Off on Alternatives to the Seizure of your Home for Delinquent Taxes.
There are several collection alternatives to seizure that are available to taxpayers. In fact, seizure of your home or other property is the last avenue the IRS will pursue. I am not discussing levies on wages or bank accounts here. The taxpayer should first try to arrange an Offer In Compromise or an Installment Agreement. If either of those cannot be set up successfully, then we will have to appeal to the Taxpayer Advocate for relief under the special exception and hardship rules. There is a remedy called the Taxpayer Assistance Order that might help in this situation if you qualify. It helps to keep disastrous results such as loss of home from happening. It is in the form of equitable relief rather than legal relief. Each case will be assessed on an individual basis.