Recently, Robbin Caruso was featured in Accounting Today’s article, “Fighting the IRS: Pick your windmills,” in which she shared her insights on IRS and tax controversy matters.
Whether it’s an LT11 or LT1058, these notices mean the IRS is serious about collecting overdue taxes. The LT1058 is especially critical – it’s your final notice before they can legally seize your assets.
Here’s what most people don’t know:
• You have OPTIONS beyond just paying in full
• Installment agreements can spread payments over time
• “Currently not collectible” status exists for financial hardship
• Penalty abatements may significantly reduce what you owe
• Early intervention leads to better outcomes
The reality check: Offers in compromise aren’t the “pennies on the dollar” magic solution advertised on TV – they require rigorous financial disclosure and strict qualification criteria.
Don’t wait. Tax controversy matters are more easily resolved when addressed early in the process, before they escalate to appeals or Tax Court.
Facing IRS collection action? Our tax controversy specialists know how to navigate these complex waters and protect your rights.
Read the full article to learn more.
