IRS Seizures
At JCB Financial Services, we want you to understand the serious implications of an IRS seizure.
At JCB Financial Services, we want you to understand the serious implications of an IRS seizure. Unlike a levy, which targets intangible assets like your bank account, a seizure involves the IRS taking physical assets such as your home or vehicle. This drastic measure is typically reserved for severe cases where an individual has repeatedly ignored multiple IRS requests to settle their unpaid taxes.
It's crucial not to underestimate the gravity of an IRS seizure. The IRS is fully capable and willing to proceed with seizing your physical assets if you fail to comply with their demands. There have been numerous instances reported in the media where individuals were evicted from their homes, which were then sold at IRS auctions for a fraction of their true value.
When the IRS seizes your assets, their goal is to auction them off quickly. Unfortunately, these auctions often result in the sale of your assets for less than half of their market value. This means that the IRS may take everything you own, including your home, vehicles, boats, jewelry, motorcycles, insurance policies, and even your retirement savings.
At JCB Financial Services, we are here to help you navigate these challenging situations and work towards protecting your valuable assets.