A tax levy can be used by the IRS or other tax agency to seize your money or other assets to pay your tax bills. The most common things to be levied are your income tax refunds or bank accounts, but your wages, retirement accounts, home, or almost anything else can also be taken. If you receive a Final Notice of Intent to Levy and Notice of Your Right to a Hearing, or other notice letting you know a levy is coming, it’s important to act fast! There are almost always ways to stop a levy as long as you act.