On: February 15, 2019
- It can charge interest. It accrues daily.
- It can charge penalties for failure to file, pay, under-report, etc.…
- It can audit you.
- It can file a lien against property you own. If you sell, the IRS can put itself in line to. receive the proceeds before you personally.
- It can file bank levies and seize all monies in named accounts.
- It can file levies against accounts receivables owed to you under contracts.
- It can garnish your wages.
- It can garnish your social security benefits.
- It can garnish your retirement benefits.
- It can seize your house, real property and personal property.
The IRS can do the above under its own authority and does not need a court order except to seize real and personal property.