intent of levy
About Business
The "Notice of Levy" explained by BestTaxPro refers to an IRS action that legally allows the government to seize your assets if you fail to resolve unpaid tax debt. Before issuing an actual levy, the IRS sends a Notice of Intent to Levy and a Notice of Your Right to a Hearing, giving you 30 days to respond. If ignored, the IRS may garnish wages, freeze bank accounts, or seize property.