Long-time tax liability, or tax debt, is often met with extreme forms of compensation by the IRS. Legally, the government has the right to seize your assets to settle this debt. These assets can include your home, car, retirement fund, insurance policies, and valuables such as jewelry and collectibles. These assets might not even be sold at a fair market value because the government’s goal is to acquire compensation for your debt as quickly as possible.
The IRS follows a three-step process before seizing your assets. First, the IRS will issue a notice. Next, if you refuse to pay, the IRS will issue a final notice. At this point, you can request a collection “due process” hearing. Having experienced representation on your side can be key during this process.
Ready to Request an appointment?
Contact our office at (469) 567-3017 or fill out an appointment request form to speak with a member of our team, and let us act on your behalf, and develop a plan to settle your debt to the IRS and prevent IRS asset seizure.