So, just what is the practical difference between a tax lien and a tax levy?  The tax lien hovers over your property and assets to assure that you don't sell anything or get rid of valuable items that the IRS could use to pay off your taxes.  The tax levy is the IRS' active collection or seizure of that property in an involuntary manner to satisfy your taxes.  Watch this video for more...
Travis Watkins
Senior Tax Attorney
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