You’re Not Paranoid, The IRS is Telling Your Neighborhood That You Owe Taxes: IRS Collection Notice LT40

Did you receive the dreaded “We may contact others for information” notice from the Internal Revenue Service (IRS)? There are things that most people want to keep private. Among those are their income and money problems. If you have fallen on hard times, struggling to pay the bills, the last thing you need is someone telling the neighborhood, or your co-workers your dirty laundry, pressuring you to shut them up by paying them money that you don’t have.

The IRS is that nightmare debt collector that will knock on your neighbor’s door and spread debt truths better untold at your work’s watercooler telling everyone that they think you are a deadbeat who doesn’t pay your taxes. Each situation is different, but the IRS will wake up your neighbors first, and they are telling you that they are coming.

IRS Collection Notice LT40 is one of the most scary and intrusive notices someone who owes money can receive and is very scary. If you get behind on your car payment or a medical bill, most people wouldn’t expect your car dealership or your doctor to knock on your neighbor’s door or tell your co-workers that you are broke. But if you owe the IRS, you need to expect it.

The IRS has recently issued a batch of IRS Notices LT40 for the first time in a long time officially announcing since the Pandemic that their tax enforcement efforts are fully operational and that the IRS collection department is back and is knocking on doors to get the IRS tax debt that you owe. IRS Notice LT40 specifically warns:

“We intend to contact other persons such as a neighbor, a bank, an employer, or employees.”

The IRS Notice LT40 is one of many IRS collection notices that are strategically drafted to inform you of IRS collection practices but truly intended to elicit a response: Distressed Payment. The IRS knows that people don’t want their financial dirty laundry spread around town, so the IRS collection letter is intended to scare you into paying your tax debt.

However, payment of a tax debt isn’t just that easy. In most cases, there is a reason that the tax debt is owed that needs to be corrected before simply writing a check that may be difficult to cash. There may be options available to taxpayers that can’t simply cut a check that can stop the taxman from knocking on your neighbor’s door and our law firm offers a free consultation for people who want to find a way to keep the IRS from knocking on their neighbor’s door as threatened in IRS Collection Notice Letter LT40:

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