The worst-case scenario
As if liens, levies, and wage garnishments weren’t enough, the government can and will also seize your other assets and sell them at auction.
You’ve heard of those tax auctions where you can get a good deal on a house or a car, right? Well, this is where those good deals come from. The IRS can seize everything... your house, cars, boats, jewelry, motorcycles, insurance policies, retirement funds, anything they can locate with any value.
When the IRS seizes your assets they are not planning on holding onto them. They are not going to get what they are truly worth. They are going to sell your assets at auction for a fraction of their worth to recoup whatever money they can from you.
This is very serious. If you’ve received an IRS seizure notice, you absolutely need to call for professional help and you need to do it now!