Do You Know What Is Bank Levy

A bank levy and wage garnishment is the way the IRS collects some of the delinquent taxes, if not all of it. It just depends on how much money you left in your bank account. It’s also the way they make you deal with them—to bring you to the table. To not get your pay check every week (wage garnishment) can destroy your life and they know it. To freeze your bank accounts (bank levy) so you can’t pay your bills will ruin your life that know that too.. They have taken most of your pay and your bank account is tied up so you can not pay your bills.
Remember the IRS can seize any assets you have anywhere…even your deposits on homes, utilities, any investments, any stocks or bonds, properties, money in escrow, sometimes even your spouse’s money etc.

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