Introduction:
If you’re a Baltimore resident dealing with tax debt, you’ve probably heard the terms IRS lien and IRS levy. While they sound similar, they are very different collection tools. Knowing the difference is essential for protecting your home, bank accounts, and wages.
What Is an IRS Lien?
An IRS lien is essentially the government’s way of securing its interest in your assets if you fall behind on taxes. While a lien doesn’t mean the IRS seizes your property immediately, it can tie up your home, vehicle, or business accounts in Baltimore. A lien also appears on public records, making borrowing, refinancing, or selling property much more difficult.
What Is an IRS Levy?
An IRS levy goes beyond placing a claim — it’s the tool the IRS uses to collect what you owe. With a levy, the IRS can:
- Deduct part of your paycheck before it even reaches your hands.
- Pull funds directly from your Baltimore bank account.
- Target personal or business property, including cars or equipment, to cover your tax debt.
IRS Liens vs. Levies: Key Differences for Baltimore Taxpayers
- A lien is a claim on your property; it signals that the IRS has legal rights but has not yet taken the asset.
- A levy is the enforcement tool; the IRS removes money or property to settle the debt.
- Timing matters: Liens usually come before levies. You may prevent a levy if you act quickly after receiving a lien notice.
How Baltimore Taxpayers Can Protect Their Assets
Dealing with an IRS lien or levy can be stressful, but you have options:
- Set up an IRS payment plan to stop collections.
- Apply for an Offer in Compromise if you qualify.
- Request the Currently Not Collectible status if you cannot pay anything now.
- File an appeal if you believe the IRS made a mistake.
IRS Payment Plans Explained: How Baltimore Taxpayers Can Stop Collections Fast
Why Acting Quickly Matters in Baltimore
Waiting too long to respond to IRS notices can turn a lien into a levy. Once the IRS begins seizing wages or bank funds, it becomes harder to negotiate favorable terms. Acting early gives you more options and control.
Get Help With IRS Liens and Levies in Baltimore
At Tax Defense Experts, we help Baltimore residents and small business owners stop IRS liens and levies before they escalate. We review your full situation and fight for the best possible outcome.
📞 Call today for your free 45-minute consultation and protect what matters most.