When you receive an LT38 notice from the IRS, it’s more than just another piece of mail; it’s a direct sign that your tax matters demand urgent attention, particularly now as the IRS resumes full operations post-pandemic, putting your financial well-being at risk.
Procrastination isn’t the solution here. Each day you postpone addressing this notice, your tax debt continues to grow. It’s a critical situation that requires immediate action.
Begin by thoroughly reviewing the contents of the LT38 notice. Understand the implications of the outstanding balance and the reasons behind the IRS contacting you. Ignoring it won’t make it go away; in fact, it could exacerbate the situation.
If you’ve been putting off filing overdue tax returns, consider this notice your final warning. The longer you delay, the deeper the financial pit you’re digging yourself into. Take control before matters escalate further.
Payment Options
While paying the full amount is ideal, it might not be feasible for everyone. However, delaying payment only leads to more interest and penalties accruing. It’s crucial to address your tax obligations promptly, even if you can’t cover the entire sum upfront.
If you’re experiencing financial difficulties, know that the IRS offers options like payment plans or debt settlement arrangements for individuals struggling. These alternatives can provide relief from your tax burden.
A seasoned tax professional like Josh Cahan, CPA, will guide you through these options and strive to secure the best possible outcome for you.
Seek Professional Assistance
Feeling overwhelmed by your tax problems? Don’t hesitate to seek professional help for immediate assistance. Turn to experts who understand the intricacies of tax matters…
Professionals like Josh Cahan, CPA, and the dedicated team at Cahan Tax Solutions.
With Josh Cahan’s expertise and commitment, he will diligently work to resolve your tax issues efficiently and effectively.
Don’t delay–take action now to safeguard your financial future.