Receiving an IRS Notice 1058 and LT 11 is one of the most serious notifications a taxpayer can receive. These notices are issued when the IRS intends to levy your property to satisfy unpaid taxes. Unlike routine reminders or balance notices, IRS Notice 1058 and LT 11 serves as a final warning, giving you only 30 days from the date on the notice to request an appeal or challenge the IRS action. Understanding what IRS Notice 1058 and LT 11 means, the potential consequences, and the steps you can take is essential to protecting your income, property, and financial stability.

What IRS Notice 1058 and LT 11 Means

An IRS Notice 1058 and LT 11 is formally known as a Final Notice of Intent to Levy and Notice of Your Right to a Hearing. It is issued when the IRS has determined that previous attempts to collect the tax debt have failed. This notice informs you that the IRS intends to levy property, which may include bank accounts, wages, retirement accounts, or other personal and business assets. Receiving IRS Notice 1058 and LT 11 signals that voluntary collection efforts have ended, and enforcement is imminent unless action is taken.

The 30-Day Deadline

One of the most critical aspects of IRS Notice 1058 and LT 11 is the strict 30-day deadline. You have 30 days from the date printed on the notice to request a Collection Due Process (CDP) hearing. Missing this deadline allows the IRS to proceed with levy actions without further notice. Filing an appeal or request for a hearing within this period can temporarily halt collection activity and provides an opportunity to challenge the IRS’s decision or propose alternative solutions.

How IRS Notice 1058 and LT 11 Differs from Other IRS Notices

Unlike earlier IRS letters that may remind you of a balance or request payment, IRS Notice 1058 and LT 11 is far more serious. It is a legal notice indicating that the IRS is prepared to take property if the debt remains unpaid. The language in IRS Notice 1058 and LT 11 is clear and direct, emphasizing the urgency of responding promptly. Previous notices may have allowed more flexibility, but this notice represents the IRS moving from collection requests to enforcement preparation.

Actions the IRS Can Take

After issuing IRS Notice 1058 and LT 11, the IRS can levy a wide range of assets, including:

• Bank accounts, which can be frozen and withdrawn from

• Wages, subject to garnishment

• Retirement accounts and investment accounts

• Business accounts, receivables, and property

Understanding the scope of possible actions emphasizes why the notice must be treated with urgency. Ignoring IRS Notice 1058 and LT 11 can lead to immediate financial disruption.

Taxpayer Rights

Even after receiving IRS Notice 1058 and LT 11, taxpayers retain rights. The notice provides the right to request a Collection Due Process hearing, which allows you to dispute the levy, challenge the amount owed, or propose alternative collection arrangements. Filing your request within the 30-day window is essential to preserve these rights and prevent immediate enforcement.

Common Misconceptions

Many taxpayers misunderstand IRS Notice 1058 and LT 11. Some assume additional reminders will follow, while others fear that opening certified mail means enforcement has already occurred. Ignoring the notice often accelerates collection actions and increases financial and operational risk. Fully understanding IRS Notice 1058 and LT 11 helps ensure timely and informed responses.

Impact on Business Owners

For business owners, IRS Notice 1058 and LT 11 can have significant consequences. Levies may target business accounts, receivables, or income streams, potentially disrupting cash flow and operations. Early action can protect business continuity while addressing the IRS debt in a structured manner.

Financial and Emotional Impact

Receiving IRS Notice 1058 and LT 11 can cause stress, fear, and uncertainty. The threat of losing income or property can affect financial planning, housing, and family stability. Acting quickly and informedly reduces stress, preserves options, and minimizes disruption.

Why Acting Promptly Matters

Time is critical when responding to IRS Notice 1058 and LT 11. Prompt action ensures you have time to evaluate your finances, gather documentation, and submit a complete request for a hearing. Delaying response increases the risk of mistakes, limits options, and allows the IRS to proceed with enforcement.

Preventing Long-Term Consequences

Ignoring IRS Notice 1058 and LT 11 can lead to long-term financial consequences, including frozen bank accounts, garnished wages, and seized property sold below market value. Responding immediately preserves assets, reduces financial risk, and maintains control over the situation.

IRS Notice 1058 and LT 11 is a serious final warning that requires urgent attention. It signals the IRS’s intent to levy property and provides only 30 days to request a hearing or challenge the action. Ignoring or delaying response can result in severe financial consequences, including wage garnishments, frozen accounts, and seized property. Acting promptly is essential to preserve rights, protect assets, and reduce financial and emotional stress. If you have received IRS Notice 1058 and LT 11, professional guidance can help you respond effectively. Witherspoon Law Firm, serving South Carolina, assists taxpayers in addressing these notices, safeguarding income and property, and pursuing a resolution before enforcement escalates.

Key Takeaways:

• IRS Notice 1058 and LT 11 is the IRS’s Final Notice of Intent to Levy, signaling that property seizure, wage garnishment, or bank levies may begin.

• This notice gives you only 30 days to act, starting from the date printed on the notice, to request a Collection Due Process hearing or challenge the IRS action.

• Ignoring IRS Notice 1058 and LT 11 allows the IRS to seize assets without further warning, including bank accounts, wages, retirement accounts, and business property.

• The notice is more serious than earlier IRS letters, indicating that voluntary collection attempts have ended and enforcement is imminent.

• Taxpayers retain rights, including the ability to dispute the debt, request alternative collection arrangements, or negotiate installment agreements.

• Business owners are affected, as levies may target business bank accounts, accounts receivable, and income streams, potentially disrupting operations.

• Delaying response increases financial and emotional stress, while prompt action preserves options and protects assets.

• Early intervention helps prevent long-term financial consequences, including garnished wages, frozen accounts, and seized property sold below market value.

• Witherspoon Law Firm, serving South Carolina, can assist taxpayers in responding to IRS Notice 1058 and LT 11, protecting income and property, and pursuing a resolution before enforcement escalates.