An IRS levy is a form of collection involving seizure of assets. Often a levy will apply to wages or a bank account, but in extreme cases it can also be applied to real estate property. The IRS must send balance due notices and a "Final Notice of Intent to Levy and Your Right to a Hearing" letter at least 30 days prior to levying. This notice will be mailed or dropped off at the tax payer's last known home address or place of business.
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