While a levy usually deals with intangible assets, seizures deal with the physical ones such as your house, car, boat etc. Seizures are a very serious matter and usually only happen when someone ignores the warnings of the IRS for an extended period of time.
The IRS will then take the physical asset and sell them at auction, usually at a fraction of the worth of the asset. It has now become a common story on the news that families have been displaced since they have been forced out of their house after it was sold at an IRS auction.
Once you receive the IRS notice of seizure you need to act fast or lose your assets. For a free consultation, click the button below.