Yes. A lien is a charge on your property, as security for a tax debt. Your home mortgage and the lien on your car are examples. Historically, the IRS would not release a lien until your tax liability was paid in full. There is a program now that allows the IRS to release the lien without full payment of the tax. This program won't be around forever, so you need to act fast!
A levy, on the other hand, is the IRS' actual seizure of assets. The IRS can levy your wages, your bank account and virtually any third party that owes you money or holds funds for your benefit, e.g. your accounts receivable.
If you have a lien or levy, there are certain deadlines that may prevent you from enforcing your rights. Call Travis Watkins today at 1-800-721-7054 to find out more.