IRS
Tax Levy
The IRS's legal seizure of property to satisfy a tax debt, including wages, bank accounts, and physical assets. Unlike a lien (which is a claim), a levy is actual collection of property after proper notice.
IRS
The IRS's legal seizure of property to satisfy a tax debt, including wages, bank accounts, and physical assets. Unlike a lien (which is a claim), a levy is actual collection of property after proper notice.