The IRS Sent Me an LT38 Notice. What Do I Do Now?
When you get an LT38 notice from the IRS, it’s not just another piece of junk mail. It’s a wake-up call, a reminder that your tax matters demand immediate attention.
The IRS is back in action after the pandemic, and your financial standing hangs in the balance.
The Time to Act is Now
Let’s get straight to the point: procrastination isn’t an option here. Each day you delay addressing this notice, your tax debt compounds. This is a serious matter that requires your prompt action.
Start by thoroughly examining the contents of the LT38 notice. Understand the implications of the outstanding balance it describes, and why the IRS is contacting you. Ignoring the issue won’t make it disappear–in fact, it could exacerbate the situation.
If you’ve been procrastinating on filing overdue tax returns, consider the LT38 letter your last warning. The longer you wait, the deeper the hole you’re digging for yourself. Take control before matters spiral further out of control.
Payment Options
While settling for less than the full amount owed would be optimal, it might not be an option for everyone. Nevertheless, delaying payment only results in accruing more interest and penalties. It’s imperative to address your tax obligations promptly, even if full payment isn’t immediately possible.
Financial hardship is a valid concern. The IRS offers options for people facing difficulties, such as payment plans or debt settlement arrangements. These options could be a great asset in helping you relieve your tax debt.
Seek Professional Help
Feeling overwhelmed? Seeking professional assistance can provide clarity and guidance in navigating your tax situation. Don’t hesitate to reach out for help from experts who understand the complexities of tax matters.
Enter Ben Butterfield and the team at BPB Tax Resolutions. With their expertise and dedication, they’ll work diligently to resolve your tax issues efficiently and effectively. Don’t wait until it’s too late – take action now to secure your financial future.
