Tax Relief in Westport, CT
If you owe back taxes or are dealing with IRS penalties, you’re not alone. Many people in Westport, CT, struggle with tax debt, unfiled returns, or aggressive IRS collections. The good news is that tax relief services can help you navigate these challenges and find a solution that works for you.
What is Tax Relief?
Tax relief refers to programs and strategies designed to help taxpayers reduce or manage their tax debt. The IRS offers several options for people who are unable to pay their full tax bill, including installment agreements, penalty abatement, and settlement programs like an Offer in Compromise. The right solution depends on your financial situation and the details of your tax issue.
How Tax Relief Services Can Help
A tax relief professional can help you:
- Negotiate with the IRS to reduce penalties and interest
- Set up affordable payment plans
- Settle tax debt for less than what you owe (if you qualify)
- Stop wage garnishments and bank levies
- Protect your assets from IRS collections
- File past-due tax returns and get back into compliance
Expert Tax Relief in Westport, CT
Working with a knowledgeable tax professional can make all the difference in resolving your tax issues. With years of experience, Rappaport Tax Relief provides personalized tax solutions to help clients regain financial stability. Whether you need help stopping an IRS levy or negotiating a tax settlement, we are here to guide you every step of the way.
Call (917) 488-8295 today for a free consultation and take the first step toward resolving your tax problems.
IRS LT11 Notice – What It Means and How to Protect Yourself
Receiving an LT11 notice from the IRS is a serious matter. This letter warns that the IRS is preparing to take collection actions against you, such as levying your bank account or garnishing your wages. Understanding the implications of the LT11 and responding appropriately is essential to safeguarding your assets and financial well-being.
What Is the LT11 Notice?
The LT11 is a Final Notice of Intent to Levy and Notice of Your Right to a Hearing. It signifies that the IRS plans to seize your income or property to satisfy an unpaid tax debt. This notice is one of the last warnings before the IRS enforces aggressive collection actions.
Why Did You Receive an LT11 Notice?
You likely received this notice because:
- You have an unpaid tax debt that remains unresolved.
- The IRS has previously contacted you about the balance, but no arrangements have been made.
- The IRS intends to levy your wages, bank accounts, Social Security benefits, or other assets.
What Should You Do Next?
- Act Quickly – You have 30 days from the date of the notice to respond before the IRS moves forward with a levy.
- Request a Collection Due Process (CDP) Hearing – This hearing allows you to dispute the levy or propose alternative resolutions, such as an installment agreement or an offer in compromise.
- Pay the Debt (If Possible) – Paying off the balance will prevent further enforcement actions and additional penalties.
- Negotiate a Payment Plan – If full payment isn’t feasible, you may qualify for a structured payment plan to prevent further collection efforts.
- Get Professional Assistance – Tax professionals can negotiate with the IRS on your behalf, help you avoid levies, and explore hardship status or debt reduction programs.
Consequences of Ignoring an LT11 Notice
If you fail to respond within the 30-day window, the IRS may proceed with asset seizures, which could result in:
- Wage garnishment
- Bank account levies
- Seizure of personal or business assets
- A negative impact on your credit score
How Rappaport Tax Relief Can Help
At Rappaport Tax Relief, we specialize in stopping IRS levies and negotiating favorable resolutions for taxpayers. If you’ve received an LT11 notice, don’t wait until it’s too late. Call us today at (917) 488-8295, and let’s work together to protect your income and assets from aggressive IRS actions.