BEST ANSWER
The IRS can seize your house and everthing in it. Then, the IRS can sell it at a auction for back taxes any time they want. They can garnish your wages, They can put you both in jai. Think of Al Capone--he was finally put behind bars when he didn't pay his income taxes.
As far as I know, the IRS does not negoiate what they are owed. Your only bargaining chip is to appear with your lawyer (a tax and IRS expert) in front of an IRS agent, and work out a payment plan. Otherwise, you could end up in jail for a very long time.
Please take care of this immediately. Get motivated and get this done. Good luck.
Bev.
Sun Oct 4 2009, 20:48