- What it means
- The IRS intends to levy business assets and is notifying you of the right to a hearing.
- Respond within
- 30 days from the date on the notice
- What to send
- Payment, a payment plan, or Form 12153 within 30 days.
- When to get help
- Get representation. Business levies reach receivables and bank accounts, and payroll balances carry personal exposure.
What the letter says
The business equivalent of the CP90 and LT11. The next step is a levy on the business's bank accounts, accounts receivable, or other property.
What to do
Pay, propose an installment agreement, or file Form 12153 within 30 days. If the balance is payroll tax, expect the trust fund recovery penalty process to run in parallel.
What to gather
- All collection notices
- Business balance records
- Form 12153
- Business financial statements
Write back
The Payment plan request cover letter tool builds the response in the order the IRS reads it. Fill it in, review it, print it, and send it with copies of the documents above and the notice stub on top.
Before you send anything
This is general information, not tax advice. Situations differ. Check with your tax advisor before you send anything. Nothing on this page creates a client relationship.