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The IRS may seize your real or personal property. The IRS will determine the minimum amount it will accept for the sale, also known as the ?minimum bid?. You will be provided with a copy of the minimum bid and fair market value amounts, as well as a notice of sale.
Request a share of the property by submitting a Form DAG-71, Application for Transfer of Federally. Forfeited Property, to the federal seizing agency.13 A separate Form DAG-71 must be completed for each. asset to be shared.14. A.
This defense is often known as the innocent owner defense. To avoid forfeiture under the innocent owner defense, the owner must show that he or she did not consent to the use of the property for any illegal activity and was not involved in any criminal activity related to the property.
The Attorney General is authorized to use the Assets Forfeiture Fund to pay any necessary expenses associated with forfeiture operations such as property seizure, detention, management, forfeiture, and disposal. The Fund may also be used to finance certain general investigative expenses.