Receiving Letter 1058 and LT 11 from the IRS can be alarming. These notices are among the most serious correspondence you can get from the IRS, signaling that the government intends to levy your property if the outstanding tax debt is not resolved. Unlike routine reminders or balance notices, Letter 1058 and LT 11 is a final warning, giving you a limited window of time to respond. Specifically, you typically have only 30 days from the date on the notice to request an appeal or challenge the IRS action. Understanding what these letters mean, what the IRS can do, and how to respond is critical to protecting your finances and assets.

What Letter 1058 and LT 11 Means

Letter 1058 and LT 11 is classified as a Final Notice of Intent to Levy and Notice of Your Right to a Hearing. This notice is issued when the IRS has determined that previous attempts to collect the tax debt have failed. It informs you that the IRS intends to levy property, which may include bank accounts, wages, retirement accounts, or other personal and business assets. The issuance of Letter 1058 and LT 11 represents a shift from requesting payment to actively enforcing collection.

The Importance of the 30-Day Deadline

One of the most critical aspects of Letter 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 within this period can temporarily halt collection activity and provides an opportunity to challenge the IRS’s decision or propose alternative resolutions.

How Letter 1058 and LT 11 Differs from Other IRS Notices

Unlike previous letters that may have reminded you of a balance due or requested payment, Letter 1058 and LT 11 is far more serious. It is a formal legal warning that property seizure is imminent. Previous notices may have offered options for payment or installment agreements, but this notice signals that the IRS has exhausted most voluntary collection efforts. The language in Letter 1058 and LT 11 is direct, emphasizing the urgency of responding promptly.

Actions the IRS Can Take

After issuing Letter 1058 and LT 11, the IRS is authorized to levy a variety of assets. These may include:

• Bank accounts, which can be frozen and have funds withdrawn

• Wages, subject to garnishment

• Business accounts and receivables

• Vehicles, equipment, or other property

Understanding the potential scope of action helps illustrate why the notice must be taken seriously. Ignoring Letter 1058 and LT 11 can result in immediate financial disruption.

Rights of Taxpayers

Even though Letter 1058 and LT 11 is serious, taxpayers retain rights. The notice explicitly provides the right to request a Collection Due Process hearing. This allows you to challenge the levy, dispute the amount owed, or request alternative collection arrangements. Filing your request within the 30-day window preserves these rights and can prevent immediate enforcement.

Common Misunderstandings

Many taxpayers underestimate Letter 1058 and LT 11. Some believe the IRS will issue multiple reminders before taking action, while others assume certified mail indicates legal action is already underway. Delaying or ignoring the notice often leads to accelerated enforcement, including levies that can drain accounts or seize wages unexpectedly. Treating Letter 1058 and LT 11 as an urgent matter is the only way to protect your finances.

How Letter 1058 and LT 11 Affects Businesses

For business owners, Letter 1058 and LT 11 can disrupt operations. Levies may target business bank accounts, accounts receivable, or merchant payment processors. Payroll interruptions or cash flow issues can occur if action is not taken promptly. Addressing the notice quickly can help prevent long-term financial damage and operational setbacks.

Emotional and Financial Stress Caused

Receiving Letter 1058 and LT 11 can trigger anxiety, fear, and uncertainty. The threat of losing income or assets can affect family stability, housing, and long-term financial planning. Taking swift, informed action is the best way to regain control and reduce both financial and emotional stress.

Why Immediate Action Matters

Time is critical when responding to Letter 1058 and LT 11. Acting quickly ensures that you have enough time to gather documentation, evaluate your financial situation, and submit a complete request for a hearing. Delaying response increases the likelihood of mistakes and limits available options, while early intervention maximizes your ability to challenge or negotiate with the IRS.

Preventing Long-Term Consequences

Ignoring Letter 1058 and LT 11 can lead to long-term consequences, such as frozen bank accounts, garnished wages, and seized property sold below market value. These outcomes can impact credit, financial stability, and even employment. Responding promptly protects not only your current finances but also your long-term economic wellbeing.

Letter 1058 and LT 11 represents one of the most serious notices a taxpayer can receive from the IRS. It signals the intent to seize property and provides only 30 days to request an appeal or challenge the levy. Ignoring or delaying a response can lead to bank levies, wage garnishments, and property seizures. Acting promptly is crucial to preserving your rights, protecting assets, and limiting financial damage. If you have received Letter 1058 and LT 11, legal guidance can help you respond effectively and navigate the appeal process. Witherspoon Law Firm, serving South Carolina, can assist you in addressing these notices, protecting your income and property, and seeking a resolution before the IRS proceeds with enforcement.

Key Takeaways:

• Letter 1058 and LT 11 is the IRS’s Final Notice of Intent to Levy, indicating the government may seize property if the tax debt is not resolved.

• The notice gives you only 30 days to respond, starting from the date printed on the letter, to request a Collection Due Process hearing or challenge the levy.

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

• The notice is more serious than earlier IRS letters, as it signals the IRS has moved from requesting payment to preparing for enforcement.

• Taxpayers retain rights even after receiving Letter 1058 and LT 11, including the ability to dispute the debt or propose alternative collection arrangements.

• Business owners are affected too, 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.

• Professional guidance ensures your rights are preserved and the IRS is properly engaged to avoid unnecessary enforcement actions.

• Witherspoon Law Firm, serving South Carolina, can help taxpayers respond to Letter 1058 and LT 11, protect income and property, and work toward a resolution before enforcement begins.