Unlike the levy which involves intangible assets such as your bank account, a seizure is the taking of physical assets, such as your home or car. Seizures usually happen in aggravated cases when someone ignores many requests by the IRS over a long period of time to pay their outstanding taxes.
Seizures are most often described as a levy on real property and tangible personal property, such as real estate and vehicles. A levy refers to intangible properties held by third parties, such as money in bank accounts.
If you've received an IRS seizure notice, it's time to act now!
Call us at 407-922-8899 with any questions or to schedule an appointment.
RR Accounting & Tax Services
2824 Michigan Ave., Suite A
Kissimmee, FL 34744
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Monday to Friday 9 am to 6 pm Saturday by appointment only