(CTRS) Certified Tax Resolution Specialist Practice Test
CTRS CTRS IRS Collections and Enforcement 3
What is the difference between a tax lien and a tax levy?
Select your answer
A
A lien is a legal claim against property; a levy is the actual seizure of property to satisfy the debt
B
A lien seizes property immediately; a levy is only a public notice
C
A lien applies only to real estate; a levy applies to bank accounts only
D
A lien requires court approval; a levy does not
Hint
