Saturday, May 12, 2007

IRS Property Auctions

As we all know, the IRS has a history of taking property - personal and real - from taxpayers who do not pony up as they are supposed to. But the IRS is not allowed under law to keep confiscated property, so it periodically auctions off all that great stuff.

Examples of items include real estate, business equipment, automobiles, boats, coin collections - even patents. One recent item was, of all things, an amusement park!

Auctions must be attended in person, and be prepared to pay. Dates, times and locations of auctions, along with pictures of the items being auctioned, can be found at www.treas.gov/auctions/irs

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