IRS LT11 Notice of Intent to Levy: What this Means and What to Do
If you’ve received Letter 11, that is the IRS’s notification that it plans to levy your property. Similar to CP297, & LT1058, this notification gives the IRS the legal right to seize your assets within 30 days.
How Long Do You Have to Respond to LT 11?
The IRS gives you 30 days to respond to LT 11. The final date for a response is noted on the left side of the letter, next to the amount you owe. If you do not take action by that date, the IRS may issue a lien on your assets or start seizing them.
What Are the Options With Letter 11?
Letter 11 typically comes with Form 12153, Request for a Collection Due Process Hearing. If you believe that you don’t owe the amount on Letter 11, you can appeal the bill with this form. With an appeal, the IRS will appoint an appeals representative to go over your return, and the case may go to Tax Court.
If you agree with the amount due, you can pay the bill in full.
What Happens If You Ignore Letter 11?
As indicated above, if you ignore this letter or refuse to pay, the IRS has the right to seize your assets. In addition, you risk losing your passport.
Under the Fixing America’s Surface Transportation Act, the IRS may take your passport if you refuse to pay taxes. If you don’t have a passport, the IRS can prevent you from getting one.
What If You Don’t Have Enough Money to Pay Your Taxes?
If you can’t afford to make the payment in full, contact the IRS to arrange a payment plan.
Consider one of the professionals on TaxCure, our unique algorithm ranks the professionals that meet the needs of your unique situation. Here is a list of top professionals that help with unpaid IRS taxes, apply more filters if you have issues with other agencies as well. Tax professionals can stop the levy process and help you deal with your taxes owed.
Stopping or Release a Tax Levy
If the IRS has already started to levy your assets there are a variety of ways that the levy can be stopped, even after it has started. Every person has a unique situation and there are a variety of methods that can be used depending upon your situation. For more details on stopping a tax levy after it has already started, please refer to this guide on stopping an IRS tax levy.