I got a final notice of intent to levy. What happens now?
Short answer: Letter LT11 or Letter 1058 means the IRS can levy wages or bank accounts after 30 days. You have 30 days to request a Collection Due Process hearing.
A final notice of intent to levy (Letter LT11 or Letter 1058) is the last notice before the IRS can take wages, bank accounts or other assets.
The letter gives you 30 days to request a Collection Due Process hearing on Form 12153. Filing on time pauses most levy action while the hearing is pending and lets you propose a payment plan, an offer in compromise or another option to an independent appeals officer.
If you miss the 30 days, you can still ask for an equivalent hearing within one year, but it does not stop collection the same way.
Do not wait on this one. Call us with the letter in hand and we will tell you where you stand that day.
General information from Davis Schuler & Associates, LLC, not advice for your situation. Tax rules and thresholds change; confirm the current rules before acting.
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