Educational Tax Tip: Can the IRS Take Your Home for Unpaid Taxes?

We know the IRS can seize your assets if you owe back taxes, but can the IRS really take your home? Technically, yes—but it’s uncommon. The IRS can pursue your residence through court approval or foreclosure, but these actions are considered last resorts and involve extensive legal procedures. In most cases, the IRS prefers to file a lien and wait until you refinance or sell the property. However, your home’s equity will still be factored into any payment arrangement or settlement.

Concerned about how tax debt might affect your home? Visit our website and contact us today for expert guidance and support! 
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