IRS Seizes TeleServices
Sources at the IRS have confirmed reports that TeleServices of America, San Diego, California had their assets seized by the IRS on March 6. Apparently the Check Guarantee and Collection/Recovery agency was in arrears of past due taxes and had liens placed on the business dating back to at least June of 1995 for amounts of at least $70,744.
Chris Conley of the IRS Public Affairs Office verified that TeleServices was seized by the Federal Government and they took possession of the property at 9663 Tierra Grande, Suite 204. Conley stated, "This is usually the last step a business endures after trying to work out a payment plan."
Typically, after the IRS seizes any real or personal property to satisfy a tax bill, they intend to sell the property. TeleServices may buy back the property if they pay the tax due, interest, penalties, and the expenses of the seizure but, this is unlikely since they were unable to satisfy the past due taxes before the seizure.
The unfortunate part for TeleServices' merchants is the fact that EVERYTHING was seized, including bad checks submitted to TeleServices for collection.
Stay tuned to this same Green Sheet channel for more information.
