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IRS Letter 1058, LT 11- Final Notice Of Intent To Levy

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IRS Letter 1058, LT 11- Final Notice Of Intent To Levy

Letter 1058/LT 11-Final Notice of Intent to Levy

IRS uses Letter 1058 or L-1058 / LT 11 is a final (sent certified) notice letting you know that you still have a balance and if you do not resolve it they will attempt to levy your wages, bank account, and/or other assets within 30 days. This letter is more formal than other notices and will tell you that the IRS will also be searching for other assets you have that they can levy. Normally, a CP 504 precedes this letter.

What To Do First After Receiving L-1058 / LT 11 Letter?

By this time you have received or should have received several notices (CP501, CP503, CP504) and should know if you owe the balance due or not.  Your choices are to 1) pay the balance in full, or 2) contact the IRS (using the phone number on the notice) to setup an IRS Installment Agreement or seek other resolution solutions. This can help you prevent an IRS tax levy or lien (if not already filed).

When Should I Contact The IRS Regarding IRS Letter 1058?

Immediately!   The clock is ticking This is you last notice before bad things start happening to you.

What If I Don’t Pay or Reply to IRS Letter 1058 / LT-11?

If you fail to contact the IRS by phone (best) or mail within 30 days, the IRS can and will likely;

  • levy your bank account,
  • garnish your wages,
  • take your state tax refund, and
  • file a Notice of a Federal Tax Lien.

Who Should I Talk to Regarding this Notice?

In my opinion it is time to get some representation by speaking with a tax professional such as a CPA, Enrolled Agent, Certified Tax Resolution Specialist or Tax Attorney before you contact the IRS.  At this point the IRS is interest in information on how to collect from you first and foremost.  Any conversation, while you are in collections, will start with a interview to gather your collection information.  Then and only then, will they discuss your options.

I Disagree With the Notice. What Are My Next Steps?

If you do not agree with the Letter 1058 be very careful here.  Remember you only have 30 days before bad things start happening to you.  A dispute should have been initiated in response to the previous notices.  You will want to make some type of resolution arrangement with the IRS while your dispute the debt.  Remember it will take the IRS more than 30 days to even get your dispute letter.  If you do not halt the collection or make payment arrangement, you are likely to lose some money out of either your paycheck or bank account. 

Remember the warning above.  You will want to preparer a letter of dispute and attach any supporting documentation. Of course, nature of the dispute has a lot to do with the action that you can take. If the nature of the dispute is extremely complex, you may need to seek representation.

If you do not think the notice is correct, you have the right to an appeal. If you have appealed with previous letters, normally those appeals are not as formal as this appeal. If you just setup an IRS Installment Agreement and you received this notice, it is best to call the IRS right away in order to fix your account or resolve the situation. Alternatively, speak with a tax professional who can help resolve your tax problems.

IRS Notice CP 88- Delinquent Tax Return Hold

IRS Notice CP504- Third And Final Reminder Of Past Due Taxes

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