Sometimes to satisfy delinquent tax debt, the IRS pursues foreclosure of a primary residence. Recently, the Treasury Inspector General for Tax Administration (TIGTA) looked at whether the IRS needs to improve its handling of these actions. In 96 lien foreclosure cases over two years ending Sept. 30, 2020, revenue officers generally followed procedures. But in some cases, required forms were missing and case actions were filed late. Among TIGTA’s recommendations was the use of seizure proceedings rather than lien foreclosures. In a seizure, taxpayers are afforded more legal protections as well as the right to redeem a property after a seizure sale. To read the report: https://bit.ly/3JOAacp
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