Posts Tagged ‘two-out-of-five year test’

Get Tax Help to Save Your Home From Unannounced IRS Seizures: Be Proactive About Resolving Your IRS Problems

Monday, November 30th, 2009

Homeowners need to know that under certain circumstances, the IRS can legally seize your house without seeking prior judicial approval. In a recent case, the IRS legitimately seized the physical property of a taxpayer while he was serving out his sentence in jail without having obtained any judicial approval beforehand.
CCH (http://intelliconnect.cch.com) reports:
Two-Out-of-Five Years Test Inapplicable to Primary Residence Determination For Residential Seizures
The Office of Chief Counsel clarified that a revenue
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