As the economy sputters and falters even more it is pretty much a foregone conclusion that more people are going to start running behind on their taxes.
A common question I get is if the IRS can take away your IRA or retirement plan (The fancy phrase is can they levy your IRA or retirement plan). The simple answer is yes.
Baker & Donelson, just wrote a quick piece on the subject at this web page: http://www.bakerdonelson.com/irs-seizing-retirement-benefits-08-31-2010/
If you have concerns about the asset protection of your IRA, give us a call, this is an area we have a lot of experience in.