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IRS Notice of Intent to Levy - LT11 - Letter 1058

2021-12-16 10:19

Dave Rosa

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IRS Notice of Intent to Levy - LT11 - Letter 1058

IRS Notice of Intent to Levy. What do you do? For more details call Flat Fee Tax Relief.

 

 

 

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The IRS is planning on adding 87,000 additional IRS Agents to its staff. How, exactly, do you think these additional brigades of IRS enforcers are going to be spending their time? Due to COVID, the IRS is woefully behind in working its files.  The IRS has been relying on their "Notice of Intent to Levy" letters to "shake the trees" for money. The IRS only has to send one Notice of Intent to Levy or Notice to Levy to enforce an order to levy.

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What is the IRS telling you when they send you an LT11 or Letter 1058?

 

THE IRS PLANS ON TAKING:

1. Your Paycheck.

 

2. Your Bank Account.

 

3. Your Commissions.

 

4. Your Social Security Benefit.

 

5. Your Social Security Disability (SSDI).

 

6. Your Veteran’s Check.

 

7. Your Car. Your Truck. Your Motorcycle.

 

8. Any Asset That can Be Converted to Cash.

How Much Time Before You Lose Your Money?

 

If you received an IRS Notice to Levy, you can be levied at any time going forward. If you have received a Notice of Intent to Levy (LT11 or Letter 1058), you have 30 days before your money will be taken from you.

 

You may be eligible to be declared Currently Not Collectible. The IRS will leave you alone for the moment (12 to 18 months). The IRS can, at any time, review your situation. The IRS will file an IRS Tax Lien against you.

 

You may be able to settle your IRS tax debt and get yourself a Fresh Start through the expanded Offer in Compromise program. The Offer in Compromise process takes approximately one (1) year to complete. If you are eligible and qualified to settle with the IRS, you can be done in a year. During the Offer in Compromise process, the IRS will cease collection efforts.

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FACING AN IRS LEVY?

 

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