You just received a letter from the IRS telling you to call them immediately because of a discrepancy in your tax returns. They are threatening to garnish your wages. You consider doing what the IRS asks, believing you can easily solve the problem by just answering a few questions. Unfortunately, a call to the IRS is seldom that simple—you ought to consult your tax lawyer first.
When you first call, the IRS is trained to extract your financial information, including your job, bank, current address, and contact number. This is meant to update their database with fresh bank levy and wage garnishment sources. Once obtained, the IRS representative will next request you to file a financial statement using either Form 433F or 433A. You will then be given a deadline to fax the completed form. Failing to submit on time may result in a levied bank account and wages.
As your tax lawyer is sure to advise you, it pays to be prepared with all the necessary information and forms during your first call. With your IRS financial statement already completed, you may be able to use it as a negotiation tool, because the IRS representative will have the ability to negotiate a payment plan with you there and then.
You need to make every effort to resolve your case with one phone call. The IRS will appreciate you making their job easier, which can end up being a win-win situation for both sides.