Seize Assets
IRS Definition
The IRS may levy (seize) assets such as wages, bank accounts, social security benefits, and retirement income. The IRS also may seize your property (including your car, boat, or real estate) and sell the property to satisfy the tax debt. In addition, any future federal tax refunds or state income tax refunds that you’re due may be seized and applied to your federal tax liability.
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If don’t pay the full tax balance shown on your federal income tax return by the due date, the IRS will send you increasingly urgent notices requesting payment.
If the IRS doesn’t get a response, the IRS can begin enforced collection actions, such as issuing a levy. A levy takes a portion of your wages or the balance in your bank account. The IRS can also take your state tax refund and future IRS tax refunds until the balance is paid off.
If you own a business, the IRS can take payments due to you from customers. To avoid a levy, contact the IRS to get into a payment agreement before the due date on your Final Notice of Intent to Levy.
Learn about all of the options you may have if you owe taxes and can’t pay.
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Related IRS notices
IRS Notice CP504 - Intent to Levy State Tax Refund or Other Property
IRS Letter 1058 or LT11 - Final Notice of Intent to Levy
IRS Notice CP90C - Notice of Seizure and Your Right to a Hearing
IRS Notice CP77 - Intent to Seize Your Assets and Notice of Your Right to a Hearing
IRS Notice CP177 - Intent to Seize Your Assets and Notice of Your Right to a Hearing
IRS Notice CP504B - Notice of Intent to Seize Your Property or Rights to Property