Receiving a CP1058 letter from the IRS can be alarming, but understanding what it means and how to address it can help you take control of the situation.

The CP1058, also known as a Final Notice of Intent to Levy, is a serious warning from the IRS indicating that they intend to seize your assets to satisfy a tax debt. If left unaddressed, the IRS can levy your wages, bank accounts, and even Social Security benefits.

Why Did You Receive a CP1058 Letter?

The IRS sends a CP1058 letter when a taxpayer has an outstanding tax debt that has not been resolved despite previous notices. This is typically the final warning before the IRS takes collection actions. It gives you a deadline—usually 30 days from the date on the letter—to respond before enforcement begins.

Steps to Take to Resolve a CP1058 Letter

1. Review the Notice Carefully

The CP1058 will outline the amount you owe, any penalties and interest accrued, and the deadline to respond. Compare it with your tax records to ensure its accuracy.

2. Determine Your Payment Options

If you agree with the IRS’s claim, you have a few options:

  • Pay in Full – The easiest way to stop collection actions is to pay the amount due.
  • Set Up an Installment Agreement – This allows you to pay your tax debt in manageable monthly installments.
  • Apply for an Offer in Compromise – If you qualify, you may be able to settle your debt for less than the full amount.


3. File an Appeal (If Necessary)

If you believe the IRS made an error or you need more time to resolve your tax issue, you have the right to request a Collection Due Process (CDP) hearing. This must be done within the 30-day window to prevent levy actions from proceeding.

4. Consult a Tax Resolution Specialist

Handling IRS notices can be complex, and errors in your response can lead to unnecessary financial consequences. A tax resolution specialist can help you navigate the process, negotiate with the IRS on your behalf, and ensure you get the best possible outcome.

Why Choose Joe Aguilar and Eagle Tax Res?

Joe Aguilar and his team at Eagle Tax Res have extensive experience helping taxpayers resolve serious IRS issues, including final notices like the CP1058. Their expertise in tax negotiations and settlement options ensures that clients receive the best possible resolution while avoiding costly mistakes. If you’ve received a CP1058 letter, don’t wait—contact Eagle Tax Res today to protect your assets and regain financial stability.