Receiving a CP1058 letter from the IRS is serious—it means the IRS is preparing to take collection action against you. This is your final warning before the IRS moves forward with levies or liens to collect unpaid taxes.
What Does a CP1058 Letter Mean?
A CP1058 notice, also known as a Final Notice of Intent to Levy, informs you that:
The IRS plans to seize your wages, bank accounts, or other assets.
You have a limited time to respond before collections begin.
You have the right to appeal through a Collection Due Process (CDP) hearing.
What Should You Do?
If you receive a CP1058 notice, take action immediately:
Don’t Ignore It: The IRS will move forward with levies if you don’t respond.
Request a CDP Hearing: This can temporarily halt collections and give you a chance to negotiate a solution.
Explore Tax Relief Options: You may qualify for an installment agreement, Offer in Compromise, or other solutions.
Seek Professional Help: A tax expert can guide you through the process and help protect your assets.
Get Help Before It’s Too Late
If you’ve received a CP1058 letter, time is running out. Rappaport Tax Relief can help you stop IRS collections and find a solution to your tax debt.
Call (917) 488-8295 today for a free consultation.
David Rappaport is an Enrolled Agent with over 25 years of experience in the field of taxation. He specializes in representing clients before all administrative branches of the IRS and State Taxing Authorities.
