Receiving an LT11 letter from the IRS can be overwhelming and nerve-wracking. This notice, officially called the “Final Notice of Intent to Levy and Your Right to a Hearing”, is a serious warning from the IRS. It means they’re planning to seize your assets, such as wages, bank accounts, or even property, to settle your tax debt. However, this letter also signals an important opportunity: the chance to take action and prevent the levy.
Here’s what you need to know—and do—if the LT11 letter arrives in your mailbox.
1. Don’t Ignore the Letter
Ignoring the LT11 letter is one of the worst mistakes you can make. The IRS isn’t going to go away, and the situation will only get worse if you fail to respond. After 30 days, they can legally begin levying your assets unless you take steps to resolve the issue.
2. Understand Your Rights
The LT11 letter grants you the right to request a Collection Due Process (CDP) hearingwithin 30 days. This hearing gives you the opportunity to dispute the levy or propose alternative resolutions, such as an installment agreement or an offer in compromise. Missing this deadline will limit your options significantly, so it’s critical to act quickly.
3. Evaluate Your Options
There are several ways to address your tax debt and stop the levy:
- Request a CDP Hearing:This formal hearing allows you to present your case and discuss resolution options.
- Propose a Payment Plan:Setting up an installment agreement can show the IRS that you’re committed to resolving the debt.
- Apply for “Currently Not Collectible” Status:If you’re facing financial hardship, you may qualify for temporary relief from collection efforts.
- Submit an Offer in Compromise:This option allows you to settle your debt for less than the total amount owed if you meet specific criteria.
Each of these solutions requires careful planning and documentation, which is why professional guidance is essential.
4. Seek Professional Help Immediately
The LT11 letter is more than just a notice—it’s a red flag that the IRS is ramping up its collection efforts. While you might feel tempted to handle the situation on your own, this is a critical moment to bring in an experienced tax attorney who can protect your rights and negotiate on your behalf.
A tax attorney will:
- Help you understand the implications of the LT11 letter.
- File a timely request for a CDP hearing to stop the levy.
- Develop a tailored strategy to resolve your tax debt effectively.
- Communicate directly with the IRS to ensure your case is handled properly.
Why Choose COTTS LAW?
With over 25 years of experience and thousands of successful cases, Attorney Daniel Cotts of COTTS LAW- a Tax Resolution Law Firmis the trusted advocate you need when facing the IRS. He knows how to navigate the complexities of tax law and has a proven track record of helping clients stop levies, resolve their debts, and regain financial peace.
Call Now for Immediate Assistance
If you’ve received an LT11 letter, time is of the essence. Don’t face the IRS alone—call COTTS LAWtoday at (361) 866-3819for a free consultation.
Attorney Daniel Cotts will fight to protect your assets, negotiate with the IRS, and help you find the best path forward. Let an experienced tax attorney take the stress off your shoulders so you can focus on what matters most.
