Can the IRS involuntarily take my assets (car, home, retirement accounts, etc.)?
After a series of notices, ending with a certified letter Final Notice, the IRS will normally issue a Wage Levy, Bank Levy, or both. If those actions are not successful in getting you to make satisfactory arrangements with them to pay your delinquent balances, they can take more drastic Seizure actions. It is important to contact them to make arrangements you can live with before they get to that stage in the collection process.
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