It is my only car, there is no balance owed on it, it a 1979 with 125k miles, book value is likely $6000, taxes delinquent are roughly $5000. I paid over half of what I owed prior to my life being devistated with disasters, I have extreme hardship and am trying to work with them to pay remaining balance but Im broke, no job, and ill.
Usually the IRS will not seize your vehicle unless it is a luxury vehicle or you have more then one etc. They can levy up to 15% of your social security. It sounds like you would be eligible to be marked currently not collectible. Go to irs.gov to see if you have a low income taxpayer clinic near you. If not, please feel free to contact me and I will see what I can do to assist you at a minimal fee.
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Social Security Lawyers
This really needs posted under tax issues, as there may be things tax lawyers can suggest to help get the damage of your problem reduced. And yes, they can take SS benefits for debts owed to the United States.
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Yes, the IRS has the ability to seize your assets, but usually does not with taxpayers in your situation. You sound like you have a hardship that will allow you to be placed on an uncollectable status or to make an offer in compromise that could eliminate your tax debt altogether. Bankruptcy may also be an option. You need to contact a local tax professional to review your situation. Best of luck to you.
H. Daniel Lively, Esq., LL.M., CPA Certified Tax Specialist, CA Board of Legal Specialization firstname.lastname@example.org www.USTaxRescue.com 714-708-2593 Mr. Lively is a Certified Tax Specialist by the State Bar of California Board of Legal Specialization. He can be reached at 714-708-2593 or USTaxRescue.com.Any individual seeking legal advice for their own situation should retain their own legal counsel as this response provides information that is general in nature and not specific to any person's unique situation. Circular 230 Disclaimer - Advice given in this response cannot be used to eliminate penalties with the IRS or any other governmental agency.