IRS Levies A levy is much more serious than a lien. With a levy, the IRS can actually seize your property and your bank account could be frozen up to the amount of the levy for 21 days. You can challenge the levy, but if you are not successful, the funds are automatically given to the IRS. If you are successful, the IRS will garnish wages.The difference between a lien and a levy the effect on the property you own. A lien is a just a claim registered against property for not paying taxes. It does not deprive a taxpayer of their property or the right to transfer property. Levies, on the other hand, usually happen because of bad or lack of communication between the taxpayer and the IRS. A Levy means a seizure. It basically takes your property and transfers your ownership in the property to the government.
At Tenina Law, Inc., we have the knowledge and the experience necessary to assist you with every individual tax situation. Dealing with liens and levies on properties owned can be a stressful experience for anyone . you need a tax lawyer who specializes in tax law and has experience in helping people get rid of their IRS problems.