subject: IRS Tax Levy – Help, The IRS Took Everything, Even the Doghouse! [print this page] Assets seized: Here come the men in blackAssets seized: Here come the men in black. They knocked on the door and took cash, cars and your jet ski, and even Fido's house! Let's face it. If you are from the IRS through the trouble of seizing your money goes, they are ignored for too long. It will be hard to get back to your kennel, but there is still hope.
What will it take? Practically everything. The IRS Levy can be almost anything you have that in their opinion, not a "basis Necessity. "Luxury goods is the first to take what the IRS. This includes cars, boats, motor homes etc. Also, your family heirlooms are not safe from the IRS to tax.
Get It Back: Consider one of these 7 Ways to be released to your assets.
Pay the debt. I know I'm in an obvious raise to pay your debts and get you your money back. Most people can not afford to do this option.
Qualify for financial difficulties. Proves to the> IRS that the seizure of your assets (s) will negatively affect your personal well-being. Understand that you also ample evidence that I get to Hardship Status.
Put a bond or collateral to replace. Remember, this is equivalent to the value of seized assets.
Declare bankruptcy. This can stop the IRS for further action. But caution accrue, interest and penalties, even more on your debt while you are waiting for you to approve liquidation. If your bankruptcy isrejected, you will still owe the original debt plus interest and penalties!
Do the math. Some of the seized property may be returned if there is more than what you owe.
10 is the magic number, when the 10-year statute of limitations has expired when the IRS seizes your assets, you can have your property returned to you.
Prove you need it. The IRS wants you to make money. They need to be paid somehow right? Prove that you wantAsset (s) they took for your work, and they will return them to you.
Warning: I will not deceive you and say that all these steps have to be so simple. The chances are that you never go to your boat or jet ski to see again. But if you do research and work carefully, you can gain an asset again. Just be careful. One mistake and the IRS, you can leave your valuables always.
