The short answer
Yes. If you don't pay or make arrangements, the IRS can seize and sell property you own, including a house. A lien also attaches to your home before that. The IRS usually levies only after sending a notice of intent to levy and your right to a hearing at least 30 days before.
A payment plan, an offer or hardship status can keep it from getting there.
Words to know
- Notice of intent to levy
- An IRS notice that it plans to take your property. CP504 is one. LT11 and Letter 1058 give hearing rights.