The IRS uses various tools to collect delinquent tax debt. The most common is the levy, which the IRS can place on a bank account, wages, salary, accounts receivable, or even a retirement account. These can be very disruptive and cause financial hard ships. It is better to address the tax debt before the levy is in place. As long as the IRS sees there is movement on the account to find a resolution to the problem, they are good about delaying the issuing of a levy, however, they reserve to initiate a levy at any time.