Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/cttaxh5/public_html/libraries/joomla/utilities/date.php on line 198

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/cttaxh5/public_html/libraries/joomla/utilities/date.php on line 198

Warning: modRokStoriesHelper::getList(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/cttaxh5/public_html/modules/mod_rokstories/helper.php on line 240

Warning: Creating default object from empty value in /home/cttaxh5/public_html/modules/mod_rokstories/helper.php on line 240

Warning: modRokStoriesHelper::getList(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/cttaxh5/public_html/modules/mod_rokstories/helper.php on line 240

Warning: Creating default object from empty value in /home/cttaxh5/public_html/modules/mod_rokstories/helper.php on line 240

Warning: modRokStoriesHelper::getList(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/cttaxh5/public_html/modules/mod_rokstories/helper.php on line 240

Warning: Creating default object from empty value in /home/cttaxh5/public_html/modules/mod_rokstories/helper.php on line 240
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Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/cttaxh5/public_html/libraries/joomla/utilities/date.php on line 56

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/cttaxh5/public_html/libraries/joomla/utilities/date.php on line 56

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/cttaxh5/public_html/libraries/joomla/utilities/date.php on line 198

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/cttaxh5/public_html/libraries/joomla/utilities/date.php on line 198

Asset Seizure

If you fail to settle your tax debt after the IRS has filed a Notice of Federal Tax Lien the IRS may proceed with liquidating your assets.  The IRS may seize both personal and business property.

The following are some of the assets that may be seized by the IRS:

  • Bank accounts;
  • Real estate including homes, investment property, and vacation homes;
  • Automobiles, boats, airplanes, and recreational vehicles;
  • Pensions and retirement accounts;
  • The cash value of any life insurance;
  • Accounts receivable; and
  • Stocks and bonds.

It is very time consuming and expensive for the IRS to seize a taxpayer's assets.  Asset seizure is usually only used as a last resort when a taxpayer fails to respond to collection notices.