Why Should I Hire Brotman Law to Defend Me in My IRS Collections Matter?

What Is a Levy? A Levy is a forcible taking of property so in the context of a collections case when the government levies you it takes your property in the satisfaction of your tax debt the government can levy a variety of different things they can levy bank accounts they can levy brokerage accounts they can levy retirement accounts in certain cases anything that is a large cast asset they can take from it so levies are the most common thing that the government uses in collection cases because it's easy it's going after low-hanging fruit it's going after liquid assets and they're very quick to execute you don't even need a person to execute them you can have a computer do it so that's what a levy is and you should be aware of them and take appropriate steps to mitigate them in the course of your collection.