IRS Seizure New York

Do you know that an IRS seizure in New York can include physical assets?

Unlike the levy which involves intangible assets such as your Brooklyn bank account, an IRS seizure in New York is the taking of physical assets, such as your home or car. Seizures usually happen in aggravated cases when someone ignores many requests by the IRS over a long period of time to pay their outstanding taxes.

An IRS seizure in New York should not be taken lightly. The IRS will ultimately pursue seizure of your physical assets. Don’t think they won’t. Many a newspaper or television show has reported Brooklyn residents being forced out of their homes after it was sold at an IRS auction, often for as little as half its value.

When the IRS seizes your assets they want to sell them at auction quickly. They often get less than half your assets’ value, so they often seize everything you own including your home, cars, boats, jewelry, motorcycles, insurance policies, and even your retirement funds. If you’ve received an IRS seizure notice in New York, it’s time to act now! Don’t delay… call us today.