Sunday, December 11, 2011

How IRS tax levies can lead to property selling?

The IRS tax levies will have a bigger effect than any other IRS penaltizing action. 30 days after a person in debt receives their final letter of the intent to levy, the process will begin where the IRS will take action on seizing their property. IRS assessed the tax and sent the levy notice when the person in debt were in bankruptcy, and subject to the automatic stay during bankruptcy. IRS can seize and sell property which is held (such as cars, boats, or houses)

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