What is a tax levy?

If you receive a tax bill from the IRS but do not pay your taxes or make any arrangements to settle your tax liability, you could face the risk of a levy. The IRS can seize your assets to pay the taxes you owe.

Find out more about Personal Taxes

Maria Murphy

by Maria Murphy

Maria L. Murphy is a CPA and freelance writer. She is a writer and editor for Thomson Reuters Checkpoint and a freque...

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Updated on: November 15, 2023 · 5min read


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This article is for informational purposes. This content is not legal advice, it is the expression of the author and has not been evaluated by LegalZoom for accuracy or changes in the law.

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