When you receive an LT38 notice from the IRS, it’s not just another piece of mail. It’s a wake-up call, signaling that your tax affairs demand immediate attention.
The IRS is ramping up activities post-pandemic, and your financial stability hangs in the balance. The time to act is now.
Let’s be clear: procrastination isn’t an option. Every day you delay addressing this notice, your tax debt grows. This is a serious matter requiring swift action.
Begin by thoroughly examining the LT38 notice. Understand the implications of the outstanding balance it mentions and why the IRS is reaching out to you. Ignoring the issue won’t make it vanish – in fact, it could worsen.
If you’ve been putting off filing overdue tax returns, consider the LT38 letter your final warning. The longer you wait, the deeper the financial pit you’re digging. Take control before matters spiral further.
Payment Options
While settling for less than the full amount owed would be ideal, it may not be feasible for everyone. However, delaying payment only results in more interest and penalties. It’s crucial to address your tax obligations promptly, even if full payment isn’t immediately possible.
Financial hardship is a valid concern. The IRS provides options for those facing difficulties, such as payment plans or debt settlement arrangements. These avenues could be instrumental in easing your tax burden.
Seek Professional Help
Feeling overwhelmed? Seeking professional assistance can offer clarity and guidance in navigating your tax situation. Don’t hesitate to reach out to experts who understand tax complexities.
Enter David Rappapor. With his expertise and dedication, he will diligently work to resolve your tax issues efficiently. Don’t wait until it’s too late – take action now to secure your financial future.
Call David Rappaport now at 917-488-8295 for a free consultation.
David Rappaport is an Enrolled Agent with over 25 years of experience in the field of taxation. He specializes in representing clients before all administrative branches of the IRS and State Taxing Authorities.
October 24, 2024