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This is what eight years of unpaid taxes can turn into. A former construction business owner now owes $256,000 to the IRS for tax years going back to 2014. The IRS recently sent an LT11 final notice, which means the case is getting close to enforced IRS collections. The first step now is contacting the IRS to verify the balances and potentially put collections on hold while exploring tax relief options. If the IRS sent you an LT11 letter, would you know what to do next? #financialadvice #taxes #
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