Getting an LT11 notice means that the IRS intends to levy your property or rights to property. It is also similar to a CP504, but the main difference is that an LT11 notice is the final notice before the IRS will actually levy your property. You are given 30 days before they can take any action. The IRS can take away wages, your bank account, personal and business assets, and pension benefits.
The notice indicates that you have 30 days to respond. In the LT11 notice, you may find the due date on the left side of the letter.
When the due date has passed, the IRS can start levying your bank accounts, garnishing your wages and may issue a Notice of Federal Tax Lien. Since the creditors will be notified that the government has rights to your current and any future assets you may have, your credit score will be greatly affected. There is also a chance that IRS will deny your US passport, but you will be given a separate notice before that takes effect.
If you don’t agree with the what the LT11 notice is demanding from you or that you have not been given due process, you can file an appeal before collection action takes place Taxpayers request an appeal for the following reasons:
There are different kinds of tax negation options available if you are looking for other ways to settle your debt.
Take note that the IRS checks your ability to pay before approving the mentioned options above. They would check your current assets and liabilities. It is recommended to seek legal advice to know the best course of action.
Check our Contact Page or call us at (888) 515-4829 to get the help you need. We order the information, check it all out, file what needs to be filed, and proceed on the best resolution. We only take cases in which we can help and the initial consultation is free.
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