What is an Asset Seizure?
An Asset Seizure is the most extreme and severe action that the taxing authority can take to pay down your tax debt. A Seizure is the actual taking of a physical asset such as a car, a truck, furniture, land, a building or even god forbid your home. The taxing authority has the legal right, after proper notice, to physically seize your assets and sells them at auction to satisfy your tax debt. You should know that the taxing authority rarely receives a good price for these assets because they are taken and sold with little regard to market timing or the ready market for your assets. You as the taxpayers are forced to pay the cost of the seizure and auction sale and only the rather meager proceeds ever get applied to your tax debt. If you are currently the target of an actual or proposed seizure of assets then you must act immediately to address the seizure. Please call Arena and Associates so that we can go to work on your case to address the seizure and present a plan to remedy the si
