The IRS has broad powers when it comes to seizing assets, which allow them to seize and sell personal, and business assets to pay any outstanding tax liabilities.  They don't care what they sell them for as long as it is sufficient to get the taxes due.  You could lose all of your equity in these assets.  This is usually a last resort on their behalf to collect these taxes.  They do all they can to collect the taxes before taking this action.  We can work out a plan to pay the taxes and to avoid a sale of the assets.