Failure to respond to IRS notices will lead to wages and commissions being garnished and bank accounts being seized. The IRS can file a Notice of Federal Tax Lien (NFTL) that will attach to any existing and future property. This includes residential and commercial real estate.
While former IRS notices that have been mailed to taxpayers during the pandemic have not been followed by IRS collection enforcement, that is about to change. Take any IRS correspondence warning of tax levies or tax liens seriously in order to protect your income and assets from seizure.