What Is an IRS Levy?

Answer An IRS levy is a seizure of a person's property in order to satisfy a tax debt owed to the Internal Revenue Service. This process is only used when the person is notified of the debt and does not p... Read More »

Top Q&A For: What Is an IRS Levy

What is tax levy?

The IRS notes that a levy is the legal apprehension of a debtor's assets to pay taxes owed. A levy is usually imposed if the debtor does not pay or make arrangements to pay his tax debt.Lien vs Lev... Read More »

What is a an IRS tax levy?

A levy is a legal method of collecting a debt. The Internal Revenue Service issues a levy to seize a taxpayer's property to satisfy an unpaid tax debt. The seized property is sold, and the cash pro... Read More »

What is a levy?

A levy is legal procedure used by judgment creditors to attach the assets or real property of a debtor in order to secure the payment of their judgment for damages.IdentificationIn the context of p... Read More »

What is a levy on wages?

A levy on wages is a legal seizure of your wages to pay off a debt, according to the IRS. If you do not pay your taxes, the IRS can seize your wages to pay them. The IRS can also place a levy on an... Read More »