How many different ways can the IRS try to collect taxes I owe – Part 2?
- David Greene
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First, let me say that I hope all my readers had a wonderful Christmas. Two weeks ago. I mentioned several collection methods. This week I will discuss seizure of property in more detail.
If the taxpayer still does not pay after bank levies, and garnishment of wages, the case will then be assigned to a particular revenue collection officer, who will contact the taxpayer or even visit her home or business and try one final time to get the taxpayer to cooperate and begin paying the delinquent taxes through a payment plan. If all else fails, the IRS may then begin seizure proceedings. The larger the tax bill, the more likely it is that the IRS will use this method. If the decision is made to begin seizure proceedings, the revenue officer will refer the case to the Justice Department to file suit against the taxpayer. Can the IRS seize a car or other personal property in addition to real estate? Yes they can! In the case of a business, the IRS can seize the assets of the business, such as equipment, trucks, etc. and effectively shut the business down. That is the reason you need a trained professional to help you and protect your rights against forced collection.