Lien vs. Levy
A lien is not a levy. There is a common misconception between the two. A lien, or Notice of Federal Tax Lien, secures the governments interest in your property when an individual fails to pay their tax obligations. While, a levy is when the property is seized or taken to pay the liability. If you have an outstanding lien and do not come to an agreement with the IRS, they can levy, seize and sell your property or any property that you have an interest in.
About the Author
Gregory McCauley Jr., Esq.
Tax Attorney · Villanova University School of Law · Admitted in Delaware, New Jersey, United States Tax Court
Gregory McCauley Jr. is an experienced tax attorney who has personally represented more than 1,000 clients in matters ranging from civil tax controversy and IRS examinations to criminal tax defense, U.S. Tax Court litigation, and complex business disputes. His practice is built on a foundation his c...
