A levy is the IRS's way of getting your immediate attention. What they are saying is, we have tried to communicate with you but you have ignored us. Levies are used to seize your wages and whatever other assets you have. If you own it, they can take it. That includes checking accounts, autos, stocks, bonds, boats, paychecks, and even Social Security checks!
Levying your bank account might cause checks to bounce, alerting many people that you have tax problems.
A wage levy (or wage garnishment) might not leave you enough money to pay your other bills. A wage garnishment by the IRS could continue for every paycheck until the tax debt is paid.
If the garnishment does not fully satisfy your debt, the IRS could seize your assets, and sell them at public auction.
We can guide you in working with the IRS to appropriately satisfy your tax liability.
