A garnishment is the legal seizure of property to satisfy an outstanding debt. If you don't pay your taxes, the Internal Revenue Service can respond by collecting your tax or property return. Tax authorities can also collect other assets, such as bank accounts, rental income, or retirement accounts. A tax levy is the seizure of assets to pay taxes due.
Taxes can include penalties such as garnishing wages or seizing assets and bank accounts. Taxes usually appear after the government has placed a tax levy.
