Can the IRS take your vehicle for backed taxes?
First, it is important to understand the difference between a tax lien and a levy. An IRS or Oregon Department of Revenue (ODR) tax lien is a formal public notice—to anyone who knows where to look—that you owe taxes. A lien attaches to your property and affects your rights to the property. When a tax lien iNew Website Home page picture full resolution filed or recorded it can hurt your credit. A lien does NOT involve the direct taking of money or property from you. An IRS levy or ODR garnishment/seizure does involve their taking of your property—your real estate, personal property, or money owed to you. The most common ones by far are levies or garnishments on money owed to you by others—your paycheck being paid to you by your employer or money held in your bank or credit union accounts.