2007-08-03 12:15:16 · 11 answers · asked by Chicoaa20 3 in Business & Finance ➔ Taxes ➔ United States
As Bostonian and several others have said, the short answer is yes. However, that will be an absolute last resort. They will attach a lien on it so you wouldn't be able to sell it until you settled your tax liability. Usually, IRS agents can be tough, but if you treat them with respect and don't get upset and make a good faith effort to pay your taxes, things will turn out ok.
BTW, you can ignore the tax protestor who says Tom Cryer proved the tax had no legal grounds. He's wrong. Tom Cryer was acquitted of "willful failure to file charges" which is a criminal charge. The burden is on the prosecution to prove the defendant (Cryer) knew they had a responsibility to pay taxes. If the defendant can successfully convince the jury that he BELIEVES there isn't a law, the jury must acquit. It doesn't matter if his belief is correct or not. This is one of the few situations where ignorance of the law IS an excuse. However, civil proceedings will be following and there is nothing stopping the IRS from placing a lien on any property that Tom Cryer may have.
Besides, his acquittal does not prove there is no legal basis for income taxes anymore than O.J. Simpson's acquittal proves it is o.k. to kill your ex-wife.
All of StormDevil's other comments are also equally frivolous.
Good luck,
2007-08-04 09:36:54 · answer #1 · answered by NGC6205 7 · 2⤊ 1⤋
They rarely do but they can file a lien on any asset, including your home. That would mean that you can not sell the asset until the lien is removed (generally by paying what is owed). Once they have filed a lien on your home they will normally go after more liquid assets such as wages, bank accounts, etc.
2007-08-04 14:35:38 · answer #2 · answered by ? 6 · 0⤊ 0⤋
They will try to take other assets first, but they can and have taken away people's homes. I believe there was a couple in Colrain, MA who were tax protestors, and the irs took their home.
2007-08-03 20:51:55 · answer #3 · answered by Anonymous · 0⤊ 1⤋
I agree with Bostonianinm. If you have enough income though, they will garnish your wages and levy your bank accounts.
I know of a tax protester who deliberately hadn't paid taxes in 10 years. He was an unemployed retired postal worker living on a pension but owned a house with a woman who (unbeknownst to him) paid her taxes as married filing separately. The U.S. Attorney said that it wouldn't look good to try to prosecute, and it was agreed that a levy would be placed on the house and she could just pay it off out of his insurance someday when he died.
2007-08-03 19:36:20 · answer #4 · answered by BruceN 7 · 0⤊ 1⤋
In theory they can but that would only be as a last resort. If you were refusing to settle your tax debt they most certainly will slap a tax lien on your home but normally they'll just wait patiently for you to try to sell the home or for it to go into probate at your death. They'll automatically be paid from your seller's funds at closing or through the probate process.
They can also attach your wages, bank accounts, investment accounts, etc.
2007-08-03 19:20:21 · answer #5 · answered by Bostonian In MO 7 · 4⤊ 1⤋
Have you heard about Tom Cryer's acquittal on income tax evasion? Tom proved the tax had no legal grounds.
Tom Cryer, a Shreveport, LA, trial attorney who has refused to file
tax returns for years was recently acquitted of evasion and willful
failure to file charges filed against him by the federal government. At
the trial Tom told the jury that there is no law making him liable for
the income tax; that his fees, personally earned by his own labor, were
not "income" as defined by the Supreme Court; and that if any income was
derived from his labor any such income is exempt (and excluded by the
code and regulations) because they are derived from a non-taxable
activity, i.e., the exercise of a God-given fundamental right, our
Constitutionally protected right to earn a living by any lawful occupation.
2007-08-03 21:35:41 · answer #6 · answered by Just! Some? *Dude* 5 · 0⤊ 3⤋
yes, anything that is considered an asset can be siezed to repay the debt. I wouldnt screw with them. Get yourself a good tax lawyer. Hope this helps! Good luck~
2007-08-03 19:18:40 · answer #7 · answered by Megan C 2 · 1⤊ 0⤋
I believe we sent you an email relating to such matters. We trust this answered your questions.
BC Business Services, Inc.
http://www.bcbsinc.com
2007-08-06 00:27:54 · answer #8 · answered by Info@bcbsinc.com 2 · 0⤊ 0⤋
They can take any and all of your assets. That includes your house, cars, and any possessions that may be of value (i.e. jewelery).
2007-08-03 19:20:01 · answer #9 · answered by Angie 6 · 1⤊ 0⤋
Probably not because of something called a homestead that makes a portion of your home 'safe' so you won't go homeless.
Google it, homestead United States law. Seek legal advice. Good luck.
2007-08-03 19:28:42 · answer #10 · answered by Zujiya 2 · 1⤊ 6⤋