{"id":28146,"date":"2017-09-17T21:51:33","date_gmt":"2017-09-17T21:51:33","guid":{"rendered":"https:\/\/www.hrblock.com\/tax-center\/?p=28146"},"modified":"2018-04-16T23:18:58","modified_gmt":"2018-04-17T04:18:58","slug":"tax-dictionary-levy","status":"publish","type":"post","link":"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-levy\/","title":{"rendered":"IRS Levy"},"content":{"rendered":"

IRS Definition:<\/h2>\n

A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt.<\/p>\n

More from H&R Block:<\/h2>\n

A levy is an IRS enforced collection action. When the IRS levies you, the IRS seizes (takes) your income or property to pay a tax debt.<\/p>\n

This is different from a\u00a0tax lien<\/a>, which doesn’t take your property, but secures rights to it.<\/p>\n

There are three requirements for a levy:<\/p>\n

    \n
  1. Notice and demand for payment<\/li>\n
  2. Notice of intent to levy, and<\/li>\n
  3. Notice of a right to a Collection Due Process (CDP) hearing<\/a><\/li>\n<\/ol>\n

    The IRS issues most levies after it has made several attempts to collect the taxes with a series of notices. Thirty days after the Final Notice of Intent to Levy (Letter 1058 or LT11 notice), the IRS can seize your property.<\/p>\n

    The IRS sends most levies to employers to garnish wages until the tax has been paid or you make other payment arrangements to pay.\u00a0The IRS also commonly levies bank accounts. \u00a0The IRS can also levy other income sources, such as Social Security payments.<\/p>\n

    The best way to avoid a levy is to get into a payment agreement with the IRS if you owe back taxes.<\/p>\n

    Learn what to do if you can’t pay your taxes.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    IRS Definition: A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt. More from H&R Block: A levy is […]<\/p>\n","protected":false},"author":605,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25,51],"tags":[],"class_list":["post-28146","post","type-post","status-publish","format-standard","hentry","category-irs","category-audits-and-tax-notices"],"acf":[],"yoast_head":"Tax Dictionary - IRS Levy | H&R Block<\/title>\n<meta name=\"description\" content=\"Get the facts from H&R Block about IRS levies, which typically seize wages or funds from bank accounts to satisfy IRS tax debts.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-levy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IRS Levy\" \/>\n<meta property=\"og:description\" content=\"Get the facts from H&R Block about IRS levies, which typically seize wages or funds from bank accounts to satisfy IRS tax debts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-levy\/\" \/>\n<meta property=\"og:site_name\" content=\"H&R Block\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/hrblock\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-17T21:51:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-04-17T04:18:58+00:00\" \/>\n<meta name=\"author\" content=\"Elyce Luegers\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@hrblock\" \/>\n<meta name=\"twitter:site\" content=\"@hrblock\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Elyce Luegers\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/resource-center.hrblock.com\\\/irs\\\/audits-and-tax-notices\\\/tax-dictionary-levy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/resource-center.hrblock.com\\\/irs\\\/audits-and-tax-notices\\\/tax-dictionary-levy\\\/\"},\"author\":{\"name\":\"Elyce Luegers\",\"@id\":\"https:\\\/\\\/resource-center.hrblock.com\\\/#\\\/schema\\\/person\\\/91512e91ae00a37478a4f91b90022449\"},\"headline\":\"IRS Levy\",\"datePublished\":\"2017-09-17T21:51:33+00:00\",\"dateModified\":\"2018-04-17T04:18:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/resource-center.hrblock.com\\\/irs\\\/audits-and-tax-notices\\\/tax-dictionary-levy\\\/\"},\"wordCount\":246,\"articleSection\":[\"IRS\",\"Audits and tax notices\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/resource-center.hrblock.com\\\/irs\\\/audits-and-tax-notices\\\/tax-dictionary-levy\\\/\",\"url\":\"https:\\\/\\\/resource-center.hrblock.com\\\/irs\\\/audits-and-tax-notices\\\/tax-dictionary-levy\\\/\",\"name\":\"Tax Dictionary - 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