What The IRS Can Seize For Unpaid Back Taxes

The Internal Revenue Service – IRS may collect taxes by imposing a “levy” on your bank account, your car, your business, or just about anything else you own. The “levy” is the process of seizing assets to pay back taxes. The Internal Revenue Service has a number of ways to levy on property. They can order your bank to pay them everything in your accounts. They can seize your car or other property you own and sell it.

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