Many are concerned about the fact the IRS can seize their house for not paying their taxes and might require irs tax representation or assistance with the IRS.This is a sensitive topic but can easily be dealt with if ended right.
The IRS can seize assets, including your primary residence. So yes, the IRS can seize your assets, as well as your house. There is a practical side of how the IRS operates and the IRS collects the money that is owed. Just because they can doesn't mean that they will. The IRS will have to get numerous approvals in the process, the area manager and after that a Federal District Judge has to sign off on the seizure of a primary residence.
Tax payers not compliant in filing or payment for over a decade, the tax payer has a seriously ill spouse. A Revenue Officer had been assigned to the case, threatened the TP that he would take the primary residence and the baby grand piano. This house was nearly paid off. That is when the tax payer called us.
The tax payer had some cash, we advised him to first pay IDOR. In IN we always pay IDOR first, because IN doesn't have a statute of collections and they levy the quickest. We got him compliant in his filings, we established a corporate entity to formalize his self employment income. We then setup a partial payment IA to repay the nearly $300k. This tax payer is still a client 5 years after he hired us. here you can actually watch their video how Marc Jernigan and Nick Sutton explain about this matter.
Marc Jernigan is Co-Founder along with Nick Sutton at Tax Matters Solutions LLC. They understand the tax law and how the IRS operates; allowing them to quickly and easily solve any of your IRS and Tax issues in the most efficient and effective manner possible. To learn more visit http://www.taxmatterssolutions.com today to get your hands on their latest free report titled "The Official Tax Payers Guide To Solving Your Tax Problems" Or simply pick up the phone and call 877-489-8999.