For most people, seeing the Internal Revenue Service (IRS) as the return address on a letter in their mailbox will cause their stomachs to drop. The IRS isn’t known for sending joy-inducing correspondence. If you have received an LT11 letter in the mail, you may feel stressed and wonder what the letter is and how to respond.
What Is an LT11 Letter?
An LT11 letter is a notice from the IRS that because you are delinquent on your taxes, the Agency intends to seize your property or the rights to your property. In practice, the IRS can garner wages, seize bank accounts, or pursue gaining rights to property such as your home. Ignoring an LT11 will not make the problem disappear; it can make everything worse. Failure to respond can result in various issues, including a Notice of Federal Tax Lien and a public notice that the government has a right to your assets and can damage your credit.
How To Respond to an LT11 Letter
Your LT11 letter will include information on how to respond to the letter. You have a few different options that can include, but are not limited to:
- Challenging the levy at a hearing (called a Collection Due Process (CDP) hearing)
- Paying your debt in full
- Establishing an installment agreement (repayment plan)
- Making a partial payment and establishing an installment agreement for the remainder
How a Qualified Tax Professional Can Help
Receiving an LT11 letter is serious, but you don’t have to address the letter on your own; in fact, hiring a qualified tax professional is the best course of action. At the Highland Tax Group, our top priority is reducing your stress through this process and working with the IRS to resolve your tax debt with as few negative implications for you as possible. At your consultation, we will walk you through the options in your case and how we can represent you before the IRS. Contact us today to get started.