What Are IRS Levies

Source: http://JimMatthewsCPA.com

A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt.

If you do not pay your taxes (or make arrangements to settle your debt), the IRS may seize and sell any type of real or personal property that you own or have an interest in.

The IRS has the right to place a levy against your property. However, if we can catch this early in the process, there are tools that we can use to stop the IRS levy and take it to someone to make our case too.

Want to avoid IRS Levies?

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