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Peter Pappas entertains frequent questions today at The Tax Lawyer's Blog, starting with:
FAQ #1: Can the IRS take my house?
Yes, they can. For example, this one in Newport Beach, California, is just one of many fine properties listed at the IRS Auction site.
They took this one, and they can take yours if you don't practice safe tax.
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The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not necessarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to