Preventing the Seizure of Assets

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How to prevent the Seizure of Assets?

Taxpayers who are not initially able to pay their taxes can first expect to receive some notices in the mail, along with a set of instructions explaining their rights as taxpayers. Many times, this issue can be resolved with an installment plan using Form 9465. However, taxpayers who owe large balances on their tax returns and refuse to communicate with the IRS will eventually face the possibility of having a lien or levy placed on some or all of their property. Here’s how this process works and how it can be avoided.

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