Differences Between IRS Levies and NY State Levies
Getting behind on your taxes could result in serious repercussions, such as tax liens and levies. A tax levy is when a tax agency seizes your assets for unpaid taxes. You can potentially face a tax levy from the Internal Revenue Service or the New York State Department of Taxation and Finance. Although both state and federal levies take your assets, the IRS and NY use slightly different processes.
