Will the government garnish my paychecks, seize my bank accounts or seize other assets if I can’t pay off my tax debt right away?

It is possible, and maybe likely, depending upon the circumstances.  Your best bet is to consult with a tax professional who is experienced in handling back tax cases.  To get a better feel for the risk involved in your own situation, and to learn about methods of reducing or eliminating these risks, we recommend the following free resources:

  1. Video: The IRS River—An Easy To Understand Tutorial For Determining the Seriousness of a Tax Problem
  2. Article: Will the IRS Garnish/Levy My Wages?
  3. Article: Will the IRS Seize Assets of Force the Sale of Them?
  4. Article: Will the IRS Pursue Collection from my Spouse?

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About Stephen K. Galgoczy, Esq.