Levy And Distraint - Notice And Demand

If any person liable to pay any tax neglects or refuses to pay the same within ten (10) days after notice and demand, it shall be lawful for the Commissioner or his delegate to collect such tax (and such further sum as shall be sufficient to cover the expenses of the levy) by levy. A levy may be made hereunder upon: (1) all property owned by the taxpayer, (2) all rights to property belonging to such taxpayer, and (3) all property or rights to property possessed by any person on which property or rights to property there is a lien provided by law for the payment of such tax.