An IRS tax levy is one of the harshest collection mechanisms used by the IRS, where they can legally seize your property to satisfy a tax debt. Understanding how to navigate and prevent tax levies is crucial for maintaining your financial stability.

What is an IRS Tax Levy?

An IRS tax levy permits the legal seizure of your property to pay taxes owed. Unlike a lien, a levy actually takes the property to satisfy the tax debt. This can include taking money from your bank accounts, garnishing your wages, or seizing and selling your vehicle, real estate, and other personal property.

Navigating IRS tax levy - Wasilidas & Kulik CPA PC

Understanding the Levy Process

Notice and Communication:

Types of Levies:

Impact on Individuals:

Impact on Businesses:

How to Prevent a Tax Levy

Pay or Respond Promptly:

Installment Agreements:

Offer in Compromise:

Appeal the Levy:

Steps to Take if Your Property Is Levied

Contact the IRS Immediately:

Arrange for Payment:

Seek Professional Help:

Understand Your Rights:


Navigating IRS tax levies requires understanding the process and your rights. By taking proactive steps and seeking professional advice, you can protect your assets and avoid the common pitfalls associated with tax levies.