What is an IRS Tax Levy or IRS Tax Lien?

What is an IRS Tax Levy?
A levy is a legal seizure of your property to satisfy a tax debt. The Internal Revenue Service publishes information on IRS tax levies.


What is an IRS Tax Lien?
A lien is a claim used as security for the tax debt, comparable to when a bank is the legal owner of your car although you are the registered owner or when a mortgage company holds a deed of trust on your house.


What is the Difference between an IRS Tax Levy and a Tax Lien?
A tax levy is different from a tax lien. A lien is a claim used as security for the tax debt, while a levy actually takes your property to satisfy the tax debt.


Why are my Wages being Garnished?
Wage Garnishment is where the IRS directs your employer to withhold a portion of your wages and to pay that portion to the IRS. Wage Garnishment is common (perhaps the most common) form of Levy used by the IRS to collect on your tax debt.


Help! My Bank Account Funds just Disappeared!
Taking your bank account funds is another common form of Levy used by the IRS to collect on your tax debt. The most unfortunate situation is when the IRS garnishes a portion of your wages and when the remainder of your paycheck is deposited, the IRS takes the rest of the paycheck by a bank levy - leaving you with NO INCOME.


What can I do to Stop an IRS Tax Levy or Wage Garnishment?
There are several ways to stop the IRS from garnishing your wages or levying your bank account.


Call or email our office today for a free consultation with a tax attorney with over eleven years experience on tax relief.


We have helped many clients by using a variety of methods. These include:

• Offer in Compromise
• Installment Request
• Chapter 7 or Chapter 13 Bankruptcy (these can be used in combination to great effect).