IRS Letter 1058 Final Notice of Intent to Levy
Introduction: Letter 1058 Means It’s Time to Act — Fast
If you’ve received IRS Letter 1058, you’re not alone — but you are officially out of time.
Letter 1058 is the Final Notice of Intent to Levy and Notice of Your Right to a Hearing. That means the IRS is about to legally seize your bank accounts, wages, refunds, or property unless you take immediate action to stop IRS levies and protect your assets after receiving Letter 1058.
This guide explains exactly what Letter 1058 means, what you need to do (within 30 days), and how Orange County taxpayers can arrange payments before enforcement begins.
🧾 What Is IRS Letter 1058?
IRS Letter 1058 is:
- The last letter the IRS sends before taking enforcement action
- A notice required by law under IRC §6331(d)
- Proof that the IRS is prepared to:
- Garnish your wages
- Levy your bank accounts
- Seize federal payments or assets
It follows earlier warnings such as CP504, so it’s critical to
learn the earlier step before Letter 1058 to act before the IRS escalates.
This letter includes your right to a Collection Due Process (CDP) hearing, which is time-sensitive.
⏳ What Happens If You Do Nothing?
If you ignore the letter or miss the response window:
- The IRS may levy your bank account without further notice
- They can garnish wages, take refunds, or seize business income
- You lose your appeal rights
- You may face long-term enforcement that’s harder to reverse
🔍 What’s the Difference Between CP504 and Letter 1058?
CP504 is a warning notice that says the IRS intends to levy certain assets, but Letter 1058 is the final step before full enforcement begins. At the CP504 stage, you still have more flexibility to negotiate and possibly settle your debt for less before levy action.
| Notice | Description | Action Required |
|---|---|---|
| CP504 | Intent to levy your state refund | Not final, but serious |
| Letter 1058 | Final notice — levy of any assets | File CDP hearing or pay |
👉IRS CP504 Notice – What It Means and How to Respond
✅ What Should You Do After Receiving Letter 1058?
✅ 1. Read the Letter Carefully
- Confirm thetax year(s) involved
- Check thebalance owed
- Note thedeadline for filing a hearing request (typically 30 days)
✅ 2. Request a Collection Due Process (CDP) Hearing
This is your legal right to appeal the IRS’s decision before they take your money.
- UseForm 12153
- Mail or fax it to the IRS address on the letter
- Must be received within30 days of the letter date
💡 A CDP request can pause collections during financial hardship while your appeal is pending.
✅ 3. Contact a CPA Immediately
A licensed tax professional can:
- File your CDP request for you
- Request a collection hold
- Negotiate a payment plan or Offer in Compromise
- Submit financial documentation (Form 433-A/F) to stop garnishments
✅ 4. Consider One of These Resolution Options:
| Option | When to Use It |
|---|---|
| Installment Agreement | You can afford to pay monthly |
| Offer in Compromise | You can’t afford to pay at all |
| CNC Status | You’re financially unable to pay now |
| Penalty Abatement | You acted in good faith or had hardship |
👉
How to Settle IRS Penalties for Good
👉
Resolve IRS Debt Without Bankruptcy
🔒 Can the IRS Really Levy Without a Court Order?
Yes. The IRS does not need a court judgment to levy your:
- Bank accounts
- Paychecks
- Business receivables
- Social Security
- Rental income
Letter 1058 satisfies their legal requirement to notify you.
🧭 How Boulanger CPA Helps Orange County Taxpayers
We help clients in Irvine, Santa Ana, Anaheim, and Fullerton:
- Respond to IRS Letter 1058
- File Form 12153 and stop levies
- Negotiate affordable Installment Agreements
- Submit Offers in Compromise or hardship relief
- Prevent IRS seizure and protect income
📞 Call
657-218-5700
🌐
www.orangecounty.cpa
Frequently Asked Questions
What is IRS Letter 1058?
IRS Letter 1058 is the final notice of intent to levy your property, wages, or bank accounts for unpaid taxes.
How much time do I have to respond?
You have 30 days from the date on the letter to request a Collection Due Process (CDP) hearing or make payment arrangements.
What happens if I ignore Letter 1058?
The IRS can move forward with seizing assets, garnishing wages, or freezing bank accounts after the 30-day period expires.
Can I stop the levy after receiving Letter 1058?
Yes. You can request a payment plan, submit an Offer in Compromise, or seek Currently Not Collectible status before enforcement begins.
Will the IRS still levy if I am in the appeal process?
Generally no. Filing a timely appeal will pause levy action while your case is reviewed.
How can a CPA help with Letter 1058?
A CPA can evaluate your case, propose a resolution, and represent you in negotiations or appeals to prevent asset seizure.
📣 About the Author
Marc Boulanger, CPA is the founder of Boulanger CPA and Consulting PC, a boutique tax resolution firm based in Orange County, California and trusted by high-income individuals and business owners across Southern California.
He is the author of Defend What’s Yours: A California Taxpayer’s Guide to Beating the IRS and FTB at Their Own Game, available now on Amazon. The book offers a step-by-step plan for resolving IRS and FTB tax debt without losing your business, your home, or your peace of mind.
With over a decade of experience resolving high-stakes IRS and State tax matters, Marc brings strategic insight to complex cases involving wage garnishments, bank levies, unfiled returns, and six-figure tax debts. He is known for helping clients reduce or eliminate tax liabilities through expertly negotiated settlements and compliance plans.
Marc is a Certified Public Accountant licensed in California and Oklahoma and holds the designation of Certified Tax Representation Consultant. He is a member of the American Society of Tax Problem Solvers (ASTPS) — the national organization founded by the educators and practitioners who have trained thousands of CPAs, EAs, and tax attorneys in IRS representation strategy.
Every case is handled with discretion, proven methodology, and direct CPA-led representation — not call center scripts.
📍 Learn more at www.orangecounty.cpa or call (657) 218-5700.
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