For example - the CP504 - Urgent - We Intend to Levy letter causes a lot of freak-outs to the average taxpayer. But in actuality - this letter is one of the earliest in the collection's process. If you have an emotional reaction and feel the need to call - you might place yourself in a deadline the IRS - about 3 or 4 months earlier(!) - than you needed to.
Now - if your outcome with the IRS - is an Offer in Compromise or some other hardship procedure - there is no reason to wait per se. But if your outcome is going to be a payment plan of some kind - well - you might as well take advantage of every month you can - before paying them.
For 30 years, WATAX has been solving every kind of tax problem. Call us at 1-888-282-4697 or email us a description of your tax issue and we'll contact you.
Call and talk with a tax expert for free: