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How to Understand and Respond to IRS Letter 1058: Final Notice of Intent to Levy and Notice of Your Right to a Hearing

Receiving an IRS Letter 1058 can be a serious concern, as it signifies the IRS's intent to levy your assets, including wages, bank accounts, or other property. For Columbus, GA residents, understanding what Letter 1058 means and the legal options to respond is vital to protecting your financial stability.

What Is IRS Letter 1058?

IRS Letter 1058, officially titled "Final Notice of Intent to Levy and Notice of Your Right to a Hearing," is a formal communication from the IRS indicating their intention to seize your assets to satisfy an unpaid tax liability. It is a critical notice because it precedes actual levy action and provides you with the legal right to appeal the proposed levy through a Collection Due Process (CDP) hearing.

Reasons for Receiving IRS Letter 1058

Unpaid federal income taxes Failure to respond to previous collection notices (e.g., CP14, CP501, CP503, CP504) Accumulated penalties and interest on unpaid taxes The IRS has determined that you have not made satisfactory arrangements to pay your tax debt.

Steps to Respond to IRS Letter 1058

  • Request a Collection Due Process (CDP) Hearing: This is your most crucial right. You have 30 days from the date of Letter 1058 to request a CDP hearing by filing Form 12153, "Request for a Collection Due Process or Equivalent Hearing." This request will halt the levy action while your appeal is pending.

  • Propose Collection Alternatives: During a CDP hearing, or even before, you can propose various collection alternatives to resolve your tax debt, such as: Installment Agreement: A monthly payment plan. Offer in Compromise (OIC): An agreement to pay a lower amount than what you owe. Currently Not Collectible (CNC) Status: If you can demonstrate financial hardship.

  • File Missing Returns: Ensure all your tax returns are current. The IRS will not consider collection alternatives if you have unfiled returns.

  • Provide Financial Information: Be prepared to provide detailed financial information to the IRS to support any proposed collection alternative or hardship claim.

  • Challenge the Underlying Tax Liability: In some cases, you may be able to challenge the accuracy of the tax liability itself during a CDP hearing if you did not receive a previous notice of deficiency or did not have an opportunity to dispute the tax.

How MJ Tax Relief Group Helps

MJ Tax Relief Group’s Columbus team provides: Case reviews to understand the specifics of your Letter 1058 Professional preparation and filing of Form 12153 for a CDP hearing Expert negotiation with the IRS on your behalf Guidance on preparing financial documentation and proposing collection alternatives Representation during your Collection Due Process hearing Strategies for preventing future IRS levy actions

Conclusion

Don’t let IRS Letter 1058 lead to the seizure of your assets and financial distress. MJ Tax Relief Group offers effective strategies to respond to this critical notice and protect Columbus taxpayers' financial well-being. Contact MJ Tax Relief Group today to understand your options and take back control of your finances.

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