IRS cancels auction of seized items upon payment - KMOV.com

IRS cancels auction of seized items upon payment

Posted: Updated:

O'FALLON, Ill. (KMOV.com) — An Internal Revenue Service auction was scheduled to be held Wednesday in O'Fallon, Illinois for items that were seized due to unpaid taxes. But the auction was cancelled at the last minute.

"If [someone has] a tax debt, a tax liability that is unresolved, it can lead to seizure," said Jennifer Breuchaud, a Property Appraisal liquidation specialist with the IRS.

In the case of the O'Fallon auction, the source of the property had a tax lien in place for over $120,000 and had until noon on the day of the auction to pay the IRS to stop the auction.

Items set to be auctioned included a 19th century framed needlepoint of George Washington, a pair of Baroque style armchairs and a pair of Persian rugs.

Dozens of bidders from across the country were at the auction, but ten minutes before the noon deadline, the grandson of the tax payer arrived with a certified check, cancelling the auction.

IRS auctions happen on a near-daily basis across the country and items up for bidding can be seen on the IRS auction website.

Powered by Frankly