Show Notes
In this episode of the IRS Debt and Audit Podcast, tax attorney Brian Loughrin explains the critical differences between an IRS tax lien and a tax levy, and why understanding the distinction can protect taxpayers from severe financial consequences. With over 25 years of experience in tax controversy and debt resolution, Brian shares real-world insights into how liens and levies work, what triggers them, and what immediate steps individuals and business owners should take if they receive a notice from the IRS.
From clarifying the legal and financial impact of liens to detailing how levies can freeze bank accounts, garnish wages, or even choke small businesses through accounts receivable levies, Brian offers practical guidance to help taxpayers respond effectively. He also discusses appeal rights, hardship considerations, and the importance of opening IRS letters immediately to prevent escalating enforcement.
This episode provides essential strategies for anyone facing IRS collection actions, whether you’re self-employed, a small business owner, or an individual worried about notices in the mail.
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