A tax lien notice doesn't take any of your property - a tax levy does. A levy occurs when the IRS physically seizes your assets to satisfy a tax debt.
The IRS may grab something directly (such as your office printer equipment) or it may make a written demand to someone holding your property (your bank, for example). A levy may follow closely behind a tax lien notice, or happen without a tax lien being filed, or it may never happen at all.
Seizures are most likely when you refuse to deal with the tax problems or you cant be located. When you hear from about the IRS padlocking a business or taking someones home, you can bet it didn't come out the blue. The IRS first warns the individual of its intent.
Once the IRS has your property, it is not easy to get it back. You'll need to show its in the IRS's best interest to release it. For instance, you might get back an essential business asset if losing it means you will have to close your doors, and thus be deprived of any means to pay your tax debt.
If you have a garnishment on your wages or a bank levy there are steps to have it released.
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