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So my refund was originally 5,700 and i checked on the IRS it says due to tax obligation they reduce my funds to 5000.00 so that means they took what ever i owed. It says i will gey a tax topic 201. Does that mean i owe still? Or its a summary of why they took the extra 700.00

Intuit Alumni

Feb 24, 2023 10:24:41 AM

Tax Topic 201 means that you owe taxes to the IRS.

Tax Topic 201 explains the collection process for income tax due. It says that "if you don't pay your tax in full when you file your tax return, you'll receive a bill for the amount you owe. This bill starts the collection process...." It goes on to say that the first notice you receive will explain the balance due so that should give you insight into why you owe tax. They also give you the option to make payments on the amount that you owe.

The IRS website will provide additional information.

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