Resolution Success Stories

Tax Problems: Levels of Urgency

If you are like most WATAX clients, you are a business or individual who has either unfiled tax returns or unpaid taxes to the IRS. While the occasionally aggressive IRS is a cause of urgency, there are often other adult real-world triggers that bring people to tax problem solvers like WATAX.

Here is a list of things in order of urgency (but of course this list is pretty subjective as everybody’s life is different):

Most urgent

  • IRS Agent assigned locally. These people actually issue levies, whacking bank accounts and wages.
  • Getting financing for your business or refinancing home. Most lenders want to see business and individual returns completed.
  • Buying a home. Lenders want to see at the very least your last three individual (or business tax returns).

Less urgent

IRS sending bills with 1-800 #’s from ACS. Yes here’s a licensed tax pro telling you that that since January 2016 the IRS has very rarely levied on ACS letters. No kidding! If you are getting bills, you should make sure all of your tax returns are done and if possible current taxes are paid. That will put you in a good position when the IRS fully comes back to life which seems inevitably on the horizon.

Not urgent

Private tax collectors for the IRS. You can ignore most of these folks who send letters or call: IRS list of Private Tax Collectors. Maybe they might flip case to IRS, but not normally. These people have zero power to levy so, ignore.

Hard to quantify

There’s nothing like your conscience to bug you about a tax debt or lack of tax compliance. Shame and worry can rent a lot of space in one’s head. So, for some, this is the most urgent. Time to get into action!

Posted on November 7, 2022
For over 30 years, WATAX solves every kind of tax problem, from unfiled returns to negotiating balances due. Call us at 1-888-282-4697 or email us a description of your tax issue and we’ll contact you.
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