CP-504, Notice of Intent
LT-11 or 1058-Final Notice of Intent to Levy
If you have received any letter via certified mail, it is important you take time to understand what is being said. The IRS will send various letters, and some require immediate attention! If you have received an LT-11 or a 1058-Final Notice of Intent to Levy, you have 30-days from the date of the notice to file an appeal to protect yourself from levy action. If you file outside of the 30-day window, you can still file an Equivalency Hearing; however, you will lose your right to petition in tax court and you will not be given a hold of enforcement action while in appeals.
668-W Notice of Levy on Wages, Salaries and Other Income
668-A, Notice of Levy
If you overlooked filing an appeal for the received LT-11/1058-Final Notice of Intent Levy or the intent notice was returned to the IRS for non-signature, they now have the authority file tax levies. A 668-A, Notice of Levy is a one-time levy that can attached checking & savings accounts for individuals and businesses. Additionally, the IRS can levy your accounts receivables and damage business relationships. Thankfully, Capstone Tax Consulting specializes in releasing these and getting our client their money back! In most cases we only have 21-days to release account levies so it’s important to act quickly when a levy has been issued against you.