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Distraint or distress is "the seizure of someone’s property in order to obtain payment of rent or other money owed", [1] especially in common law countries. [2]
A levy in the form of garnishment upon wages is considered to be a continuous levy, i.e. it needs to be applied only once and will be applicable to future wages until either released by the IRS under §6343 or the debt is fully paid. So as future wages are earned, no additional levy action is necessary by the IRS to take a large portion from them.
The article correctly states that under U.S. tax law, the power of levy (which is different from the concept of a tax lien) includes the power of seizure and distraint. A new editor changed the article to contradict that, and incorrectly cited verbiage from the famous U.S. Supreme Court case of Flora v.
The IRS will only levy to the extent necessary to collect the tax due, although the IRS might levy and sell an asset worth more than the tax due in order to secure the amount of tax due ...
A levy allows the creditor to take funds directly from a bank account to satisfy unpaid debts or taxes. In most cases, levies are permitted only by court order as part of a lawsuit judgment ...
Attachment is a legal process by which a court of law, at the request of a creditor, designates specific property owned by the debtor to be transferred to the creditor, or sold for the benefit of the creditor. [1]
Ontario (not available without court order, [34] except with respect to distraint for commercial property [35] rent, where a commercial tenant is to be given five days for tender of rent and expenses after distress); [36] Jamaica (Law 17 of 1900, certification of landlords bailiffs); and; Queensland. [37]
A levy (plural levies) is a military force raised ("levied") in a particular manner. In the Roman legion this typically means "farmer soldier" militia units raised by conscription that provided most of light and heavy infantry composition—most of which were of poor training and little fighting ability—but not always.