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Levy - definition of levy by The Free Dictionary To impose a tax, fine, or other punishment on (a person or business) 2 To enlist or conscript into military service: levy recruits 3 To declare and wage (a war) To confiscate property, especially in accordance with a legal judgment 1 The act or process of levying 2 Money, property, or troops levied
IRS levy programs toolkit - Internal Revenue Service An IRS levy is a legal seizure of your property to satisfy a tax debt It can garnish wages, take money in your bank or other financial account, seize and sell your vehicle (s), real estate and other personal property
What is a levy? - Internal Revenue Service A levy is a legal seizure of your property to satisfy a tax debt Levies are different from liens A lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt