LT40

Papabearspizza
Papabearspizza Member Posts: 1 Newcomer
in After you file

I received an LT40 and was told they will be talking to friends and watching my accounts starting May 30 2026 to May 30 2027 to collect a debt from 2012. My divorce decree says my ex wife is responsible for that years taxes since she received total sale money of a business. I was also told last year that April 6th would be statute of limitation date so I am at a loss of what to do

Answers

  • GeorgeM
    GeorgeM FreeTaxUSA Agent Posts: 99 image
    Hello Papabearspizza:

    Given the nature of your post, perhaps the best and only advice we can offer is that you speak with legal counsel or a personal tax advisor regarding the LT 40 Notice you received. Your question raises various legal issues, one of which no doubt involves whether the IRS is bound by the provisions of your divorce decree (a local State matter) that apparently was settled some time ago. 



    It appears you have reviewed the LT 40 Notice carefully, and understand what the IRS intends to do or has already done, all of which is a good first step in planning your next move which should be contact legal counsel of a personal tax advisor who can advise you going forward.

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