Tax-topic-201 File

: A physical seizure of your assets to satisfy the debt. The IRS can legally seize your bank accounts, wages, Social Security benefits, or real estate.

As a taxpayer, you are heavily protected by federal law against unfair collection practices.

: You have the right to be informed, the right to pay no more than the correct amount of tax, and the right to appeal an IRS decision. tax-topic-201

The IRS collection process is sequential and strictly regulated by federal law. 1. The Initial Bill

: This letter breaks down the exact amount of tax you owe, plus any accumulated penalties and interest. : A physical seizure of your assets to satisfy the debt

: The unpaid balance is subject to interest that compounds daily until the debt is paid.

: The process officially starts when the IRS sends you an initial letter or bill. : You have the right to be informed,

: Any future federal or state tax refunds you are owed will be automatically seized and applied to your unpaid tax liability. 🛠️ Your Options to Resolve the Debt