IRS Property Seizure

IRS Property SeizureIt is vitally important for every tax payer to avoid falling into arrears with the Internal Revenue Service (IRS). The penalties for falling behind in your payments, without showing any intention to make arrangements to pay off your outstanding tax debt, can be harsh and severe. One of the most stinging penalties that the IRS can impose upon you is the seizure of your property. However, this process will never play out without due warning from the IRS. If you have received a Notice of Deficiency from the IRS, this means that they intend to place a lien on certain items of your property which can then be seized and auctioned off in order to raise the capital to pay off your outstanding debts.

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If you have received such a Notice of Deficiency, you need not panic at the thought of being forced into imminent and permanent poverty. However, you need to take steps immediately which will satisfy the IRS that you intend to pay off your outstanding debts. It is an excellent idea to contact a qualified tax attorney who can help you negotiate with the IRS in order to set up a payment plan which will enable you to pay off your debts, stop the IRS property seizure, and keep your property.

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