POSTS TAGGED : IRS

Facing IRS Letter LT11? Key Steps to Avoid Asset Levies

LT11

  • IRS Letter LT11 is a final notice of intent to levy assets due to unpaid taxes.
  • Taxpayers have 30 days to request a Collection Due Process (CDP) hearing to avoid asset seizures.
  • Ignoring an LT11 notice can lead to bank levies, wage garnishments, or property liens.
  • Consulting a tax professional can help navigate IRS processes and protect personal assets.

Receiving a notice from the IRS is stressful for anyone, but things are dire when it’s Letter LT11. This letter, officially titled the “Final Notice of Intent to Levy and Notice of Your Right to a Hearing,” signals that the IRS is preparing to seize your assets due to unpaid taxes.…

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Small Business Payroll Taxes

payroll taxesThere is no escaping the wrath of the IRS when it comes to unpaid taxes. There are several differences between running a small business versus a large corporation, but at the end of the day, payroll taxes are something that all business owners must pay close attention to in order to avoid problems with the IRS.

Owing the IRS is not the same as owing a lender or creditor. In the latter situation, you can often negotiate or work out payment arrangements that will allow you to avoid legal ramifications and get your accounts in order without losing your business. The IRS is not a lender nor creditor and will take aggressive action with collection efforts.…

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