Don’t Ignore IRS LT11 Notices: Take Action Now!

The IRS is back in action, and they’re sending out LT11 notices—serious final notices of intent to levy. If you receive one, do not ignore it! This is the last warning before the IRS takes aggressive action, like levying your bank account or garnishing your wages. Trust me, you don’t want to find yourself in that situation.

For the past few years, the IRS has been relatively quiet on these final levy notices, but they’re waking up with a vengeance. If you get an LT11, it’s crucial to act quickly.

What You Can Do
1. File an Appeal: This will temporarily halt the levy process, giving you some time to come up with and propose viable collection alternatives.

2. Propose a Collection Alternative: This could include:

○ Installment Agreements: Paying off your debt in manageable monthly
payments.

○ Offer in Compromise: A tax settlement that allows you to pay less than what you owe.

○ Currently Not Collectible Status: If you’re facing financial hardship, this option allows you to pause payments while the IRS acknowledges your situation.

Time is of the essence, so if you receive an LT11 notice or have any questions about your tax situation, please don’t hesitate to reach out!

Call Hayes Financial and Tax Services at 704-298-1414 today! Let’s get your tax issues sorted and put you back on the right track.