What is an IRS levy and how can you stop it? An IRS levy occurs when an asset is seized to pay off your tax debts to the IRS. This levy from the IRS is a legal seizure, and different from a lien in that it is an actual seizure, not just a claim.
The IRS levy can only take place under proper circumstances and process. The IRS must assess the tax you owe, which then must fall into default. If...Read More