The IRS can now sell seized property faster and for more money

The US tax agency just updated its rules for selling property it seizes from people who owe taxes. The goal is to get more money from these sales, both for the taxpayer and the government.

When the IRS seizes property, it often sells it at auction. These new rules change how the agency handles those sales, aiming to get a better price. This means people who have their property seized might get more of their debt covered, and the government might recover more unpaid taxes.