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Levy: Seizure of Property (Part V)

Topic: Levy: Seizure of Property (Part V)

Reasons the IRS may return seized (“levied”) property

The IRS may return your seized property if:

• The seizure was premature,

• The seizure was in violation of the law,

• Returning the seized property will help their collection of your debt,

• You enter into an Installment Agreement to satisfy the liability for which the levy was made, unless the Agreement does not allow for the return of previously levied upon property.

• They did not follow IRS procedures, or

• It is in your best interest and in the best interest of the government.

The IRS may return property at any time if the property has not been sold. If they decided to return your property, but it’s already sold, they will give you the money they received from the sale. You can file a request for return of seized money or money from the sale of seized property, generally up to 9 months after the seizure.

(IRS Publication 594 and IRS.gov) (TTT 07/28/2020)