A new official measure shocked the financial world: the United States government – through the Internal Revenue Service (IRS)— warned that it would proceed with the seizure of bank accounts and assets of the people who are on the “list” drawn up by the tax authority.
The measure covers everything from checking and savings accounts to real estate and personal property to vehicles. This is not a minor sanction: includes the Possibility of losing access to resources and assets due to tax or legal violations.
We will explain in detail what this regulation entails, who is affected and what those who are targeted by the IRS can do avoid serious consequences.
It’s official: problems with the bank accounts of the people on this list
The full list can be found on the official Texas government website. For show up thereThere must be a court order against the debtor who owes at least $5,000 in support and has not made payments for six consecutive months.
The regulations are official and specify that those included in the “list” published by the IRS or related agencies are included They face confiscation of their bank accounts and other personal assets. The IRS will seize the assets and intervene in the bank accounts of these taxpayers.
Specifically, the procedure provides that if the taxpayer does not respond to payment notifications, does not take action to pay the debt or provides false information in his tax returns, The authority to confiscate lies with the federal authority “Any property or property interest owned by the taxpayer that is subject to a federal tax lien.”
Assets that may be at risk include: Savings accounts, checking accounts, investments, but also personal property (vehicles) or real estate, retirement planning and even insurancedepending on the state implementing it, as documented in Texas for child support cases.
The government’s stated aim is to respond to evasion or non-compliance with commitments a stricter instrument that prevents longer defaults. However, experts remind that the Constitution requires due process: no automatic seizure can occur without the person being notified and having the right to be heard.
Therefore, this measure is significant because the bank account is no longer a “safe” deposit for those on the list and may become subject to government intervention. It’s important to be vigilant, review your personal tax situation, and act quickly if you receive notices from the IRS.