Received an IRS Notice of Intent to Levy? Do This Immediately

If you've received IRS Letter 11 or 1058, it's critical to take immediate action. This Notice of Intent to Levy informs you that the IRS plans to seize your assets to satisfy unpaid taxes if you don't pay or make arrangements to pay within 30 days.1 This is a serious step in the IRS collection process that demands your full attention.

Protect your rights by appealing the issuance of this notice as provided below.

What is a Levy?

A levy is a legal seizure of your property or assets to satisfy a tax debt. This can include:

• Money from your bank accounts

• Your wages

• Your car or home

• Social Security benefits

Ignoring this notice could result in the IRS taking your assets, potentially causing severe financial hardship.

Why You Received This Notice

The IRS sent this notice because:

1. They previously sent a bill showing the amount owed and demanded payment

2. They did not receive payment or hear from you

3. They are now moving forward with collecting the debt by seizing your property

   
   

Steps to Take Immediately

File an Appeal Within 30 Days

You have 30 days to challenge the IRS's decision and propose an alternative payment method or dispute the amount owed. Use Form 12153 to file your appeal.

Stop the Levy

Filing an appeal temporarily halts the IRS from levying your assets until they decide on your case, typically taking several months. This provides valuable time to develop a solution.

Work on Resolving Your Tax Debt

While your appeal is processing, demonstrate your willingness to pay your debt without asset seizure. Options to reduce or manage your tax liability include:

• Offer in Compromise: Settle your tax debt for less than the full amount owed

• Installment Agreement: Make monthly payments over time

• Partial Payment Installment Agreement: Make manageable monthly payments you can afford

• Currently Not Collectible Status: Temporarily halt collection if you can't pay anything now

• Penalty Relief: Request reduction or elimination of penalties.

One of these options can permanently solve your tax debt.

Implementing The Best Plan of Action

1. File an appeal to protect your assets and buy time

2. Prepare a plan to pay or reduce your tax liability while the appeal is pending

3. Consider an Offer in Compromise: If you truly can't afford to pay your full tax debt. The IRS may accept a reduced amount based on your ability to pay.

4. Partial Payment Installment Agreement: This is a great option because your monthly payment will be only what you can afford to pay.

   
   

Why Choose Us for Your IRS Tax Problem?

At our firm, we have successfully helped hundreds of clients resolve their tax issues with the IRS using the strategies outlined above. Our team of experienced tax professionals has the knowledge and expertise to guide you through the process with confidence and ease. We understand the ins and outs of dealing with the IRS and can help you navigate the complex world of tax resolution.