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IRS property is sold either by public or sealed bid auction. Individual IRS agents are responsible for selling property within their own divisions. That means you will not have to deal with a central or district office to obtain information about property being auctioned. SEALEDBID AUCTIONS: Bidding forms are provided to Participants. The Invitation For Bid (IFB) form describes the property being offered indicates where the property may be inspected where bids can be submitted and any special conditions regarding the sale. Sealed bids are opened publicly and awards are given to the highest bidder.

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