IRS Seizure of Business Assets
Explains when the IRS can seize business assets for unpaid tax, why it is typically a last resort, and how businesses can respond before it happens.
Seattle IRS Asset Seizure Lawyer
The IRS has the power to take business assets when business owners do not pay taxes owed. This means the IRS effectively has the power to shut a business down if it believes that your business is not viable. This is not something it wants to do. It is a last resort, after it has attempted to collect through bank account levies and other means, but it will seize business assets if your business continues to run payroll, for example, without making the required federal tax deposits or paying your Form 941 taxes in full and on time.
The Bellevue, Washington, law firm of Lana Kurilova Rich, PLLC, is dedicated to preventing this major tax problem for businesses in the Greater Seattle area, statewide and nationwide. Call us at (425) 289-0629 for an initial phone consultation with our Seattle IRS asset seizure attorney.
Washington IRS Lien Lawyer, Showing the IRS the Big Picture
If the IRS has sent revenue officers to value your business's machinery, equipment or other physical assets, it is important to act quickly. Undoubtedly, the IRS revenue officers may attempt to communicate with your staff (despite the rules of taxpayer confidentiality), which could cause havoc in your business. In some cases, the IRS simply does not see the big picture of how your business operates. You may have contracts on the books that will be paid in a matter of months that will allow you to pay off your tax debts. In other cases, you have fallen behind and you need a bit of assistance and time to get back on track with your federal tax deposits and form 941 tax payments. We will work with the IRS so that it understands that payment may be on the way.
If there is no foreseeable way to pay your business's tax debts in full in the near future, we may be able to create a payment plan, reach a settlement or find some other alternative that allows you to prevent IRS asset seizure and keep your business open.
These matters can escalate quickly, and depending on the circumstances, could lead to criminal charges, which should be avoided at all costs. We will take the time to review all of your options as well as all of the potential consequences. You can be confident that our experience in these matters can benefit you.
To Create a Tax Debt Payment Plan, Call (425) 289-0629 for an Initial Phone Consultation With Our Bellevue Attorney
We invite you to contact us today by phone or by e-mail to discuss your case with our experienced Washington IRS asset seizure and IRS lien attorney. Find out how we can help.
About Attorney Lana Kurilova Rich
- Washington tax attorney since 2003: Lana Kurilova Rich has been admitted to the Washington State Bar since 2003 and has focused her practice on tax law since opening Lana Kurilova Rich, PLLC the same year.
- Master of Laws in Taxation (LL.M.): Lana earned her LL.M. in Taxation from the University of Washington School of Law in 2007 in addition to her J.D. from Seattle University School of Law in 2003.
- Former Court of Appeals law clerk: Lana served as Law Clerk to the Honorable Elaine Houghton of the Washington State Court of Appeals, Division II.
- Bilingual: English and Russian: Born and raised in Russia, Lana is fluent in Russian and licensed to practice law in the Russian Federation in addition to Washington State.
- Federal, state, and international scope: Lana represents clients before the IRS, Washington State agencies (DOR, ESD, and L&I), and on cross-border tax matters including FBAR and Form 8938 compliance.
- Direct attorney communication: Clients work directly with Lana Kurilova Rich, not a routing desk. Calls and emails are returned promptly throughout the engagement.
- Pro bono Low Income Taxpayer Clinic: Lana has volunteered with the Low Income Taxpayer Clinic since 2006, helping qualifying taxpayers resolve IRS disputes at no cost.
- Integrated tax preparation and bookkeeping: The firm provides federal and state tax preparation alongside legal representation, reducing handoffs and accelerating resolution.
We invite you to contact our Bellevue, Washington, law office today by phone or by e-mail to discuss your case with our experienced tax lawyer. We are here to help.