Receiving an LT11 letter from the IRS can be incredibly unsettling. This is not just another piece of mail—it’s a serious warning that the IRS is prepared to take aggressive action to collect unpaid taxes. If you’ve received this letter, it’s critical to understand what it means and why you must 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 have not responded to prior notices. This letter signifies that the IRS is preparing to levy your assets, meaning they can legally seize property to pay off the tax debt. They can take:
- Money from your bank accounts
- A portion of your wages (wage garnishment)
- Your property, such as your home or car
What Can Happen If You Ignore It?
Ignoring the LT11 letter is not an option. If you don’t respond, the IRS has the authority to take severe actions, including:
- Seizing Money from Your Bank Account: The IRS can freeze your accounts and take the money to cover your unpaid taxes.
- Garnishing Your Wages: Your employer may be required to send a portion of your paycheck directly to the IRS.
- Taking Your Property: The IRS may seize valuable assets such as your home or car to cover the debt.
- Damaging Your Credit Score: Levies and liens can severely damage your credit score, making it harder to secure loans or credit in the future.
Why You Need to Act Quickly
The LT11 letter gives you only 30 days to respond. During this period, you have the right to request a Collection Due Process (CDP) hearing. This hearing allows you to:
- Dispute the levy action
- Propose a different payment plan
- Challenge the amount you owe
If you fail to respond within 30 days, the IRS will begin the levy process, and your options for resolving the issue will be severely limited.
The Importance of Professional Help
Dealing with the IRS and resolving tax problems can be extremely complex. Trying to handle it on your own can lead to costly mistakes that might make the situation worse. This is where professional help comes in. A tax resolution expert has the knowledge and experience to help you navigate the process, avoid errors, and secure the best possible outcome.
Benefits of Professional Help:
- Expert Negotiation: A tax professional can negotiate with the IRS on your behalf to ensure the best terms for you.
- Strategic Planning: A professional can develop a tailored strategy to resolve your tax issues without causing further financial hardship.
- Legal Protection: An experienced tax expert ensures that your rights are protected throughout the process.
Take Action Now
If you’ve received an LT11 letter, do not delay. Contact Lezlie McKenna at Tax Resolution Innovators in Sarasota, FL immediately. Lezlie and her team are dedicated to helping you resolve tax issues and prevent further collection actions by the IRS.
Call (941) 726-4416 now to take the first step toward protecting your assets and resolving your IRS tax issues.
