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🚨 Got IRS Letter 11? Here’s What It Means and Why You Shouldn’t Ignore It

 




🚨 Got IRS Letter 11? Here’s What It Means and Why You Shouldn’t Ignore It

If the IRS sent you Letter 11, LT11, you’re officially on the clock. Ignoring it could cost you your paycheck, bank account, or even your peace of mind.

 

What is IRS Letter 11?

This letter is a final warning before the IRS takes collection actions like levying your bank account or garnishing your wages. It lets you know the IRS intends to seize your property or rights to property.

 

What Happens If You Ignore It?

Failure to respond will result in levy action from the IRS.  They can claim right to your wages or bank accounts up to the amount owed in back taxes. The IRS may also file a Notice of Federal Tax Lien, which is a public notice to your creditors that the government has a right to your interests in your current assets and any assets you acquire in the future. Ignoring this notice can affect your ability to obtain a new passport or renew your current passport as well as your credit.

 

What You Should Do Immediately?

First things first, DO NOT PANIC! There are options when you receive IRS LT11. You can simply pay the debt in full and this will stop the IRS from further collections. That may not be as simple for everyone and for those, there are payment plan options as well. If you feel you do not owe the this debt, you have the right to a Collection Due Process (CDP) hearing.

 

If you or someone you know received an IRS Letter 11 or owes money to the IRS, get scheduled for a consultation and let us help you!

 

 

Lloydetta Bryant, EA, MBA is your Revenue Reset Partner and Tax Expert who will work diligently to find the right solution for your specific tax situation. As an Enrolled Agent licensed through the IRS, Lloydetta can step in on your behalf to advocate for you. As a content creator on YouTube, you’ll find that focus on helping black women-led businesses with Solutions Beyond Taxes. Although we are a virtual firm,  Ethical Tax and Business Services is located in the Savannah/Richmond Hill areas, and can serve taxpayers in all 50 states by providing tax services from compliance to representation and the expertise needed to get the job done. Visit our website at www.ethicaltaxandbusinessservices.com

#TaxHelp #IRSRepresentation #BackTaxes #BlackWomenInBusiness #Enrolled Agent #TaxRelief #IRS Penalties #WellnessEntrepreneur #EthicalTax #TaxDebtHelp #LicensedTaxPro

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