Levies are used to seize your wages and assets, including checking accounts, autos, stocks, bonds, boats, paychecks, and even Social Security checks.
You could one day learn that all of your bank accounts have been cleaned out. The IRS can and will do this. If this process did not cover what was owed, the IRS will continue taking your money until you cover your tax liability. They know that levying your bank account will cause checks to bounce, alerting others to your tax problems.
A wage levy or garnishment is when (most of) your pay check will go to the IRS every week until the debt is paid. If that doesn't accomplish what they want, they have the ability to seize your assets and even to sell them at auction. This includes everything you own: home, cars, boats, jewelry, recreational vehicles, insurance policies, retirement funds, or anything else of value.
We are often able to get levies released. We can usually negotiate an affordable payment plan and even reductions in your debt.