Liens vs. Levies in New York
For taxpayers in the Capital Region, the terms “lien” and “levy” often cause confusion. Yet the difference is critical: one clouds your property, the other takes it.
Tax Liens
- The IRS files a public notice of its claim.
- It attaches to your home, car, or other assets.
- It damages your credit and restricts refinancing or sales.
Tax Levies
- The IRS seizes money or property outright.
- Wage garnishments, bank levies, and property seizures are common.
- It directly disrupts your income and stability.
Why It Matters Locally
Homeownership is central in towns like Latham, Colonie, and Albany. A lien clouds your ability to sell or refinance, while a levy can empty your bank account and leave you unable to pay rent or mortgage.
How to Fight Back
- Appeal IRS actions before deadlines.
- Negotiate a repayment plan.
- Seek settlement options if you qualify.
- Request hardship status if you can’t pay.
Tax Fighters, led by Ed Welch, helps Capital Region residents fight back against liens and levies. Call today for your free consultation.
