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With form LT16 you're at the end of the rope and the IRS can take action 10 days after the date printed on the letter. You can call the number to work on options. In all seriousness if you just treat the IRS with respect and be honest about your situation they will work with you.
See the following: https://www.irs.gov/Individuals/Understanding-your-LT16-Notice
The next step is that they take your funds. You have 10 days. You need to get representation or contact and make payment arrangements STAT.
Notices to levy can be sent at the expiration of that 10 day period. This is the last notice before it gets real.
You would be well advised to work on 1) getting an installment plan set up or 2) getting lending from a regular bank or 3) explaining to the IRS that you cannot pay. Doing nothing is not wise.
The collection time depends on how much the IRS knows about your finances, and how easy it is for them to attach on your assets.
The next notice would be an intent to levy -- and that can happen any time the IRS gets around to your case.
Seriously though -- start working on some resolution. Don't wait for it to get that far -- if you contact them now they can work with you. If you wait until later you can see your wages and bank accounts seized.
You get more time by working with the IRS, not by ignoring the situation. Get on the phone with them and tell them what steps you are taking to make sure you get the money to pay. You will get a notice of intent to levy and will have instructions on that form how to dispute if you don't agree with it. You can expect seizure within 30-45 days.
The seizure is within 30 days of the intent to levy -- and it depends on the IRS, the intent to levy can take place any time after that 10 day period has ended. I'd stop spending so much time worrying about how many days you have, and worry about how you are going to address this.
Yes, they can send you notice or they can levy -- there's not much you can do about it. At the point where you are getting these notices you have essentially ignored the IRS.
It's not worth it to continue back and forth with this --- the important thing is to deal with the tax issue. When you get more than one expert involved it becomes cumbersome. Please do not respond to me, I am placing your question back to the queue and someone else can answer.