Welcome back to Tax Law Guy! In this episode we’re exploring, Tax Levy vs Tax Lien: What’s the difference?
Tax lingo doesn’t come naturally to people who don’t work for the IRS. That’s one of the reasons why there’s some confusion regarding the difference between a levy and lien.
Don’t worry this video will help to explain the differences in simple terms. Our team of licensed tax professionals, and lawyers has been helping taxpayers understand their options regarding late tax payments for decades.
Tax Levy vs Tax Lien? In short, a lien is a legal claim on the part of the IRS against your property. The IRS is asserting its claim to your property because you’ve failed to pay a tax debt. By contrast, a levy is the actual legal seizure of your property to satisfy the tax debt that you owe. A tax lien will precede a tax levy.
Our team of licensed tax professionals, and lawyers has been helping taxpayers understand their options regarding late tax payments for decades.
If you think you might have a case, give me a call or Request a Free Personalized IRS Tax Case Analysis. ▶︎▶︎https://www.jmsellslaw.com
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Joshua Sells, Tax Attorney
Tax Law Guy
From IRS tax audits to $7,768,888 IRS Taxes Settled!, rest assured you will have a complete understanding of your tax filings (satisfaction guaranteed).
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J. M. Sells Law, Ltd.
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TaxLawGuy.com, OhioTaxAttorney.com and JMSellsLaw.com are websites of J. M. Sells Law, Ltd., a tax law firm dealing specifically and exclusively with IRS tax resolution. Based in Cleveland, Ohio, the tax attorney of J. M. Sells Law is authorized to represent taxpayers across the country before the IRS and in the United States tax court.