STOP TAX LEVY NOW
What Is An IRS Levy & How Are They Used?
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. For instance, They could seize and sell property that you hold (such as your car, boat, or house), or … they could even levy property that is yours but is held by someone else (such as your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, cash loan value of your life insurance policy, or future commissions).