IRS Tax Levy – Was Your Property Seized by the IRS? There’s Still a Chance to Get it Back!

June 16, 2017 Facebook Twitter LinkedIn Google+ Online Auction

Too Late? You are one of the few. They have decided not to pay your IRS debt. Thus, the IRS had to go and use your assets. But even after your property will be confiscated and auctioned, you can still get a small chance of your property back. This right is guaranteed in Revenue Code 6337, and they say their “termination”.

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What it means: It is 180 days after your property is sold to get it back) from the new owner (or owners. This personis legally required in order to redeem your property. Remember, you pay the property owner, not the IRS, unless the IRS was the bidder.

How to pay: You can pay with cash or check to cash. You have to pay the full bid price plus interest on or before the 180-day period. If you are even one day late, you lose your right of termination.

Documents! Document your wish to exercise your right of redemption. They all need this file ifThe IRS tried to have problems. If you notify the owner of the property, please send your letter by registered post and send a copy to the IRS District Director. If you are making a small mistake and lose your documents, you you reduce your chances of getting your money back.

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Giving Trouble: It may trouble a hold of the certificate holder, or that person may refuse to have your payment. When this happens, ask the IRS to contact the owners. ItThen their task to inform you of your right to redeem. If the IRS refuses to do so, contact a tax professional to negotiate with them.

Finishing Touches: When you redeem your property, attach proof of payment and quitclaim by the buyer to the IRS Revenue Officer, District Director and deed. Include a letter with your right of redemption, and that the deed will not be issued to the bearer. If the IRS won theArticle, you will receive a share of the levy to be documented. It will not be easy to try to win your money back. But now you know, you have to do the right, even after your assets have been auctioned off.


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