Bill providing protection against IRS asset seizure advances
A bipartisan bill that would require the IRS to provide evidence of illegal activity before seizing assets has passed the U.S. House of Representatives Ways and Means Committee. Hundreds of taxpayers who have had assets seized between October 2009 and October 2014, when IRS seizure and forfeiture activity in the absence of criminal evidence ceased, […]
Keep your property off the IRS auction list
The IRS has its own kind of Craigslist. But instead of selling its own used items to strangers over the internet, the IRS auctions off property that has been seized to compensate for unpaid taxes. Need a new car, some antiques, some silver coins or a diamond necklace? Maybe you’ve been hoping to make a […]
Beware of jointly owned property
If you own a property with a spouse, an IRS lien affects both of you. Technically your spouse’s lien would only apply to their portion of ownership in the property, but in reality a lien on a property is a barrier to its sale. You personally may be free of the lien, but until your […]