what is a tax levy
PRIORITY OF FEDERAL TAX LIEN
May 29, 2009 An inchoate lien, which is later perfected, does not take priority over a federal tax lien which arose before the competing lien is perfected.
Learn more
26 CFR 301.6332-3 - The 21-day holding period applicable
This section provides special rules relating to the surrender, after 21 days, of deposits subject to levy which are held by banks.
Learn more
Information about bank levies | Internal Revenue Service
Dec 13, 2024 When the levy is on a bank account, the Internal Revenue Code (IRC) provides a 21-day waiting period for complying with the levy.
Learn more