Owing back taxes much less dealing with them isn’t fun and can be emotionally and mentally draining. But if you receive IRS notice LT11, you’ve received an ultimatum; pay your overdue taxes or your property will be seized! Staying silent will not help matters either as that may get you struck by bank levies, retirement fund levies, as well as social security and pension check garnishments. We know it’s tempting to push it out of your mind and forget about it, but ignoring the IRS only makes the situation worse.

What the IRS can do after this notice:

1. Freeze your bank accounts meaning the bills you just paid but didn’t process bounce and don’t get paid.
2. Freeze and drain your retirement accounts. Yes. Other creditors may not be able to but the IRS can.
3. Garnish your wages. Up to 75%. And that means your employer knows about your tax debt.
4. Garnish your social security and pension pay.
5. File a notice of Lien on any property you own.
6. Close down your business if your taxes are business related.
7. Notify your customers to collect their payments to you.
8. Contact your neighbors.

Don’t let the IRS ruin your life. Contact us for help!

            Tomes Law Firm understands how important this is and can get you through this. We offer a free strategy session with us in the office, over the phone, or by zoom. We have been helping New Jersey businesses and families for over 30 years. We will go through the various strategies there are to deal with back taxes and help you choose the one that is best for you to pay the least amount allowed by law. With there being potential consequences after an LT 11 notice and back taxes, don’t hesitate. Call us at 732-333-0681 or go to our website at tomeslaw.com to schedule your appointment today.