Tax-topic-201 -

: This letter breaks down the exact amount of tax you owe, plus any accumulated penalties and interest.

If you ignore the bill and do not establish a payment arrangement, the IRS can utilize forced legal measures: tax-topic-201

: 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. : This letter breaks down the exact amount

: This allows certain qualified taxpayers to resolve their liability with the IRS for a lower amount than they originally owed. You can check your eligibility using the IRS OIC Pre-Qualifier Tool. : This allows certain qualified taxpayers to resolve

Tax Topic 201 is the official IRS designation for Topic No. 201: The Collection Process.

It outlines the sequential steps the government takes to secure payment.