Blog Posts in IRS FAQ

While a tax lien is a mere legal claim against your assets, a levy is the actual seizure of your property to meet your tax debt. If the IRS determines that you have refused or neglected to pay your ...

An IRS bank levy is typically issued for a one time pull from your bank account, but the bank holds those funds for 21 days before forwarding them to the IRS. The reason for the 21 days is simple. The ...