Will the IRS confiscate my assets?

The IRS may also use a levy to collect taxes. The IRS can confiscate assets such as your wages, bank accounts, Social Security benefits and retirement income. The IRS may also confiscate and sell your property in order to satisfy a tax debt. Properties could include your car, boat or real estate. In addition, they can seize state tax refunds or any refund that is owed to you.

All inquiries, estimates, tax return reviews from previous years, and ITIN applications for you and your family are free. Click here to make an appointment with Zigma Tax Service Today or call 757-454-6120.

Category: Self-employment