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- IRS IS DROPPING THE HAMMER ON PEOPLE WHO OWE TAXES
The IRS is dropping the hammer. The IRS is sending out millions of Notices of Intent to Levy using Notice LT 11 to taxpayers who have not paid their taxes. While it may look and feel like it is no big deal – BEWARE IT IS! This notice is the last step that IRS takes just before taking money from your bank account, garnishing your wages, or seizing property.
If you have just received IRS Notice LT11, YOU ARE ABOUT TO LOSE the right to contest the amount owed and the right to a hearing!! Therefore, YOU NEED TO TAKE IMMEDIATE ACTION. YOU HAVE 30 DAYS FROM THE DATE OF THE LETTER TO REQUEST A HEARING!!!
You have a legal right to a hearing before the IRS levies – takes money from your bank account or garnishes your wages. However, if you do not request a hearing within the deadline for doing so, you lose your legal right to contest it. For example, if you have a payment that you made that is not credited, you should request a hearing. If the amount the IRS is claiming you owe is not correct, you should request a hearing. If you need to work out a payment plan, you should request a hearing.
Here’s some background about what is going on. During the pandemic, you were told, “We are all in this together.” People lost jobs, and others were told to go home; they couldn’t work. Everyone was sheltering in place to flatten the curve of COVID-19.
Congress passed special legislation to provide money to taxpayers to get through to the other side of the pandemic. Instead of actively seizing bank accounts and aggressively collecting, IRS sent out letters reminding people what they owed and asked them to pay their tax bills. Congress didn’t pass this legislation to help people during the pandemic pay their taxes. It was to help you survive while you didn’t have any income. Many people had to spend money they were going to pay their taxes with to survive while they didn’t have income.
So, now the IRS is unleashing itself on you and other Americans. Instead of “we are all in this together,” it’s let’s trick people out of their right to a hearing. Why am I saying that? It’s because they buried the information about your right to a hearing on page two of Notice LT11 toward the bottom of the page. Wouldn’t you tell someone on page one what to do to protect their rights if we are all in this together? I sure would, and I bet you would, too.
In situations like this, having a tax professional whose focus is on tax resolution can make a big difference. If you get an IRS Notice LT11, BEWARE! You are about to lose important legal rights.
Call us if you have a tax problem. We are here to help you get your life back from the IRS!
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