Person opening IRS final notice of intent to levy LT11 letter If you’ve received a Final Notice of Intent to Levy (LT11 or Letter 1058) from the IRS, this is one of the most serious collection notices the IRS sends. This means the IRS is preparing to take aggressive enforcement action, including: Garnishing your wages Freezing and seizing your bank account Placing levies on your income or assets Time is critical. You typically have only 30 days to act. What Is an LT11 or Lett

IRS Notice CP504 letter showing intent to levy assets If you received IRS Notice CP504, you’re running out of time. This notice means the IRS intends to levy your assets, including bank accounts and state tax refunds. While it may not be the final notice before wage garnishment, it is a serious warning that collection action is escalating. The good news: you still have options to stop it — but you must act quickly. WHAT IS IRS NOTICE CP504? Example of IRS Notice CP504 warning

IRS wage garnishment vs bank levy comparison illustration If the IRS is taking money from you, it’s usually through either a wage garnishment or a bank levy. While both are aggressive collection actions, they work very differently—and knowing the difference can help you act quickly to protect your income and assets. What Is an IRS Wage Garnishment? IRS wage garnishment paycheck deduction example An IRS wage garnishment (also called a wage levy) allows the IRS to take money di