What to Do If You Receive a Notice of Intent to Levy from the IRS

Receiving a Notice of Intent to Levy from the IRS can be alarming, but understanding what it means and knowing how to respond can help you protect your assets and financial stability. If you’ve received this notice, it’s crucial to act quickly to prevent further collection actions. Here’s what you need to know and the steps to take to resolve the situation.

What Is a Notice of Intent to Levy?

A Notice of Intent to Levy (IRS Letter 1058 or LT11) is a warning from the IRS that they intend to seize your assets to satisfy unpaid tax debt. This can include:

• Bank account levies
• Wage garnishments
• Seizure of property or business assets
• Social Security garnishment

Before the IRS takes action, they must send this notice at least 30 days in advance, giving you time to respond and explore resolution options.

Why Did You Receive This Notice?

This notice is issued when the IRS has made multiple attempts to collect unpaid taxes but has not received payment or a response. It means:

• You have not responded to previous notices.
• You owe past-due federal taxes.
• The IRS has not received payment or an arrangement to settle the debt.

Steps to Take Immediately

1. Don’t Ignore the Notice

Ignoring an IRS levy notice can lead to severe consequences, including frozen bank accounts and garnished wages. Take immediate action to address the issue.

2. Verify the Details

Check the notice carefully to confirm:

• The amount the IRS claims you owe.
• Any previous payments you have made.
• The deadline for response (typically 30 days from the date of the letter).

3. Contact the IRS or a Tax Resolution Specialist

If you believe the debt is incorrect or need assistance negotiating with the IRS, reaching out to a tax professional can help. At IRS Trouble Solvers, we specialize in helping taxpayers resolve levy threats quickly and effectively.

4. Request a Collection Due Process (CDP) Hearing

If you disagree with the levy or want to explore alternative solutions, you have the right to request a Collection Due Process (CDP) hearing within 30 days. This can temporarily halt the levy while you work on resolving the debt.

5. Explore Resolution Options

Depending on your financial situation, you may qualify for several tax resolution options:

• Installment Agreement – Set up a payment plan to pay off your tax debt over time.
• Offer in Compromise (OIC) – Settle your tax debt for less than the total amount owed.
• Currently Not Collectible (CNC) Status – If you’re experiencing financial hardship, the IRS may temporarily halt collection efforts.
• Penalty Abatement – Reduce or remove IRS penalties if you have a valid reason for non-payment.

6. Prevent Future IRS Actions

Once your immediate tax issue is resolved, take proactive steps to avoid future problems:

• Work with a tax professional to ensure ongoing compliance and tax savings.
• File all required tax returns on time.
• Set up estimated tax payments if you are self-employed.

Need Help? Contact IRS Trouble Solvers Today

Dealing with an IRS levy notice can be overwhelming, but you don’t have to face it alone. At IRS Trouble Solvers, we help individuals and businesses resolve tax debt issues and stop aggressive IRS collection actions.

📞 Call us at 877-4-IRSLAW
📧 Email us at info@irstroublesolvers.com
🌐 Visit us at http://www.irstroublesolvers.com

Don’t wait until it’s too late—take action now to protect your finances and get back on track!