The LT38 is an account balance statement showing what you currently owe. It breaks down the balance by tax, penalties, and interest. This notice may be generated after a payment, adjustment, or as a periodic account statement.
Use It as a Benchmark
The LT38 gives you a snapshot of where you stand. Compare the balance to prior statements to see whether it's growing or shrinking. If you're on an installment agreement, verify that payments are being applied correctly. If you're in CNC status, note how penalties and interest are increasing the balance even without collection activity.
Calculate your CSED and evaluate whether your current resolution strategy still makes sense given the remaining balance and time left on the collection statute.
If you want a strategic review of your tax debt, call us at (813) 229-7100.