Friendly warning ... As a former IRS-Hitman, we grabbed the assets of debtors without any praise! I deal with complainants, shouts, fighters and bitters. What will you do when the IRS appears at your door to collect your belongings? The first thing to do is to cooperate, and you can do nothing to stop them, but they can cut you a little if you work with them.
It starts with ... The IRS can charge almost everything that you have that they do not consider a “basic necessity.” Luxury items will be the first to capture the IRS. This includes cars, boats, motor homes ..., etc. As an IRS-Hitman, I was able to get safes from my banks. Even heirlooms are not safe from IRS tax collection.
What is safe? Can the IRS take every wand of furniture in your house and leave you to sleep on the carpet without anything but a candlestick? Of course not, we will take a candle. But seriously there are some things that the IRS cannot charge. Not because the agents have a heart, but because the government does give you a few things.
Let me give you a quick list of what you can save:
Basic clothing This does not include luxury items such as designer suits or fur coats. It also does not include jewelry.
Some of your furniture The IRS must leave you a bed, something to sit, a refrigerator and a stove. If you collaborate with IRS agents, they may allow you to save the table.
Your house but mortgage payments must be below national and / or local standard. Otherwise, the IRS can also charge it.
One car if you can prove that you must have it for work. If you can't prove it, the IRS expects you to take the bus.
Tools related to your business , up to $ 3,125, because if you are an IRS contractor you want you to continue to make money they can take to pay their tax debt.
Unemployment benefit , employee compensation and government assistance are not limited to tax collection.
Some disability and social security benefits, although they can be decorated up to 15%.
Judicial mandates for child support ,
Everything else is all good , All that you can prove is required as a basic necessity or is related to work, then it may not be charged. If you can provide proof of this, the IRS may allow you to save.
Now you have a smoking gun ... Use it!
