Generic Sample of LT11, Final Notice of Intent to levy.
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You Received an IRS LT11, Final Notice of Intent to Levy. What’s Next?

ByJustin Hughes

Receiving an LT11 (or a Letter 1058) Final Notice of Intent to Levy from the IRS can be overwhelming, especially when it arrives unexpectedly. This notice is a critical warning that the IRS intends to levy your assets if the outstanding tax liability is not addressed promptly. A levy is the IRS’s legal authority to…

IRS Memo Requires Use of FATCA Data in Certain Collection Cases

IRS Memo Requires Use of FATCA Data in Certain Collection Cases

ByJustin Hughes

On August 16, 2021, the IRS Director of Collection Policy issued a memorandum to provide guidance when FATCA[1] information should be used in IRS Collections cases. See SBSE-05-0821-0015 (the “Memo”) (available at the IRS website here: link). The new guidance from the Memo will be added to the Internal Revenue Manual effective August 16, 2021….