What Can the IRS Take Other Than Money?

What Can the IRS Take Other Than Money?

Episode Summary

In this episode of the IRS Debt and Audit Podcast, tax attorney Brian Loughrin explains what the IRS can legally seize beyond money in your bank account. From wage garnishments to property and even retirement accounts, Brian breaks down how far the IRS can go when collecting unpaid tax debt, and what taxpayers need to know to protect themselves. He also highlights why the IRS prefers cash over property, how timing impacts collection actions, and what legal options exist to stop or negotiate once enforcement begins.

Key Timestamps

00:40 – What can the IRS take besides money? 04:50 – IRS wage garnishments and how much they can take 07:30 – Can the IRS seize homes and property? 10:20 – Retirement accounts, Social Security, and military benefits 13:45 – Timing and IRS notices 16:30 – Payment plans and offers in compromise 19:50 – Liens vs. levies explained 22:00 – Final advice for taxpayers under IRS pressure

About The Show

IRS Debt and Audit Podcast delivers clear, practical guidance for self-employed individuals, small business owners, and anyone facing serious IRS problems. Hosted by veteran tax attorney Brian Loughrin, the show breaks down complex issues like payroll tax debt, audits, liens, levies, and asset seizures—explaining what the IRS can (and can’t) do and how to protect yourself. With over 25 years of experience in tax controversy and U.S. Tax Court representation, Brian shares proven strategies to help listeners avoid costly mistakes, stay compliant, and take confident steps toward financial relief.

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Avsnitt(33)

IRS Asset Seizure: What Property Is Most at Risk

IRS Asset Seizure: What Property Is Most at Risk

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What People Get Wrong About Settling IRS Debt (Video)

Episode Summary:  In this episode of the IRS Debt and Audit Podcast, host Sean O'Connor teams up with seasoned tax attorney Brian Loughrin to tackle common misconceptions about settling IRS debt. Bria...

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Currently Not Collectible Status: When the IRS Pauses Collection (Video)

Episode Summary:  In this episode of the IRS Debt and Audit Podcast, host Sean O'Connor sits down with seasoned tax attorney Brian Loughrin to explore the intricacies of the IRS's currently not collec...

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Episode Summary: In this episode of the IRS Debt and Audit Podcast, host Sean O'Connor sits down with seasoned tax attorney Brian Loughrin to discuss the complexities of handling large IRS tax debts, ...

5 Aug 17min

Using Multiple Bank Accounts: When It Raises IRS Questions (Video)

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Episode Summary: In this episode of the IRS Debt and Audit Podcast, host LeAnn Lyon engages with seasoned tax attorney Brian Loughrin to explore the complexities of managing multiple bank accounts and...

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