Any letter from the IRS that gives notice of intent to seize your property is cause for alarm. Even if the letter does not come as a surprise, seeing it arrive in the mail is an indication that it is time to take action. If you receive an LT11 notice from the IRS, contact your reliable tax attorney as soon as possible. In Maryland, contact Juda Gabaie at Gabaie & Associates, LLC for help.
What is an IRS Notice LT11?
An LT11 Notice is a letter from the Internal Revenue Service (IRS) that the taxpayer has an amount due for unpaid taxes. The letter provides notice to the taxpayer that the IRS may seize or levy your property or rights to property after a certain date. The notice also informs the taxpayer of their right to a Collection Due Process hearing.
If the taxpayer does not respond to the LT11 Notice, the IRS may levy or seize:
- Wages, real estate commissions, and other income
- Bank accounts
- Business assets
- Personal assets (including home and car)
- Social Security benefits
Another consequence of a tax debt is that your United States passport can be denied or revoked. If you are individually liable for more than $52,000 (as of 2019) in tax debt, penalties, and interest, the State Department may not issue or renew your passport and may revoke your passport or limit your ability to travel outside the U.S.
After Getting an LT11 Notice in the Mail
After getting an LT 11 Notice in the mail, you must respond immediately or your assets may be seized. Your options to respond include:
- Make an immediate payment;
- Request a Collections Due Process hearing; or
- Contact the IRS to make payment arrangements.
If you have any questions about your options, want to negotiate a payment plan, or want to challenge the assessment, contact your reliable Maryland tax attorney first. Your tax lawyer can review the notice and any tax records to let you know your rights and options.
If you agree with the assessment and can make a payment...
If you agree with the assessment and process, and you are able to make a payment in full, making a payment of the full amount should clear the liability and avoid asset seizure. It may still be a good idea to go through your tax attorney before making the payment or to follow up on any other outstanding tax issues.
If you agree with the assessment but cannot pay in full...
If you agree with the tax liability and process but you cannot pay the full amount due, the IRS can make arrangements to pay off the debt over time. However, you must contact the IRS to make payment arrangements if not paying off the amount due in full. Payment options may include:
- Installment agreements
- Automatic deductions
- Payroll deductions
- Credit card payments
Another option may involve negotiating an offer in compromise to reduce your tax liability. This is a tool that allows a taxpayer to settle their tax liability by paying less than the total amount of total tax debt.
If you disagree with the notice or process...
If you do not agree with the tax notice or process, you can request a Collection Due Process hearing. This requires providing a basis for requesting the hearing, which could include:
- Your spouse is responsible for the tax liability,
- You do not believe you should be responsible for penalties, or
- You believe you already paid part of the tax.
Questions About Your IRS Notice for Maryland Tax Lawyer
Contact your tax lawyer as soon as possible after receiving notice of an intent to seize property. If you received a Notice LT 11 from the IRS, contact Gabaie & Associates, LLC for a free consultation. You can contact Juda Gabaie online or call (410) 862-2198 for help with your IRS or Maryland tax issues.