If you’ve received an LT11 Notice from the IRS, it’s essential to act quickly.
The LT11, also known as a “Final Notice of Intent to Levy,” indicates that the IRS is preparing to seize your assets to collect unpaid taxes. Here’s how you can address this notice and protect yourself from further financial damage.
What is an LT11 Notice?
An LT11 Notice is a serious communication from the IRS, informing you that they plan to levy your assets if you don’t respond within 30 days. This could involve taking money directly from your bank accounts or garnishing your wages. The notice serves as the IRS’s final step before taking these drastic actions.
How to Respond to an LT11 Notice:
- Read the Notice Thoroughly: Make sure you understand the details, including the amount owed and the IRS’s plans to levy your assets.
- Contact the IRS: Discuss your situation and explore payment options that might prevent the levy.
- Set Up an Installment Agreement: If full payment isn’t feasible, consider arranging a payment plan with the IRS.
- Explore an Offer in Compromise: This option may allow you to settle your tax debt for less than the total amount owed if you qualify.
- Seek Professional Help: Engaging a tax expert can ensure you navigate these options effectively and avoid costly mistakes.
Why Mitchell Tax Solutions is the Right Choice
Neal Mitchell and his team at Mitchell Tax Solutions are here to help you through the complexities of dealing with the IRS.
We provide personalized, affordable solutions designed to resolve your tax issues quickly and efficiently.
Don’t wait until it’s too late.
Contact Mitchell Tax Solutions at (704) 671-2678 for a consultation and start taking control of your tax situation today.
