The IRS Sent Me an LT11 Letter. What Are My Next Steps?
Receiving an LT11 letter from the IRS can be incredibly unsettling.
This notice is a serious warning that the IRS is prepared to take tough action to collect unpaid taxes. If you’ve received this letter, it’s important to understand what it means and why you need to act quickly.
What is an LT11 Letter?
An LT11 letter, also known as the “Final Notice of Intent to Levy and Notice of Your Right to a Hearing,” is sent by the IRS when you have unpaid taxes and haven’t responded to previous notices.
This letter means the IRS is ready to levy your assets, which means they can legally take your property to pay off the tax debt. This could include money in your bank accounts, your wages, your home, or other valuable belongings.
What Can Happen If You Ignore It?
If you ignore an LT11 letter, the IRS can take serious actions, such as:
- Seizing Money from Your Bank Account: The IRS can freeze your bank accounts and take the money.
- Garnishing Your Wages: Your employer will have to send a portion of your paycheck to the IRS.
- Taking Your Property: The IRS can seize your house, car, or other valuable items.
- Damaging Your Credit Score: A levy or lien can hurt your credit score, making it hard to get loans or credit in the future.
Why You Need to Act Quickly
The LT11 letter gives you only 30 days to respond. Within this time, you have the right to request a Collection Due Process (CDP) hearing. This hearing is your chance to dispute the levy action, propose a different payment plan, or challenge the amount you owe. If you don’t act within these 30 days, the IRS will start the levy process, and your options will be very limited.
The Importance of Professional Help
Dealing with the IRS and resolving tax problems can be very complex, and trying to handle it on your own can lead to mistakes that might make your situation worse.
A tax resolution professional has the knowledge and experience to help you navigate this challenging process.
Benefits of Professional Help:
- Expert Negotiation: A professional can negotiate with the IRS on your behalf to secure the best possible terms.
- Strategic Planning: They can develop a plan to resolve your tax issues without causing financial hardship.
- Legal Protection: A professional ensures that your rights are protected throughout the process.
If you’ve received an LT11 letter, don’t wait another moment.
Contact Ben Butterfield at BPB Tax Resolutions immediately.
Ben is a skilled tax resolution specialist who can help you navigate your tax issues and achieve the best possible outcome.
Call him NOW at (402) 779-7399 to prevent the IRS from taking your hard-earned money and assets.
