The IRS final notice before levy letter LT11 or LT1058 will arrive via certified mail. IRS is legally required to give this notice before commencing with forced collection activity. It also serves as a legal notice of your rights to a collection due process (CDP) hearing.
By law you have 30 days from the date of your final notice letter to request a CDP hearing. If you file within this timeframe, your right to have your case heard in Tax Court is protected. This becomes important in the event you do not agree with the decision resulting from your CDP hearing.
Once your appeal is filed, the matter is sent to a Settlement Officer who’s job it is to resolve the issue thereby avoiding Tax Court’s involvement. While waiting for your hearing, all collection activity is halted. The resolution options available to the Settlement Officer include placing the taxpayer in currently non-collectible (CNC) status; entering into an Installment Agreement or Offer in Compromise; or offering penalty abatements.
If you choose not to take advantage of your right to a CDP hearing with a settlement officer, your case is forwarded to IRS collections division. This is where you are subjected to wage and income garnishment, bank account seizures, asset levies and tax liens. Why would anyone choose to do that?
If you are unable to pay your taxes, there is no need for concern. If you need help with your tax debt from a qualified tax resolution specialist contact us here in New Orleans, Louisiana or visit www.taxcrisisrescue.com or call 800-433-0986.
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