CP1058 Notice in Washington State

Receiving a CP1058 notice from the IRS can be intimidating. This notice, also known as the Final Notice of Intent to Levy and Notice of Your Right to a Hearing, indicates that the IRS is serious about collecting a tax debt you owe. At Hunter Tax Resolution, we understand the anxiety this notice can cause. In this blog post, we’ll explain what the CP1058 notice means, why you received it, and the steps you should take to address it.

What is a CP1058 Notice?

The CP1058 notice is an official communication from the IRS stating their intent to levy (seize) your assets to satisfy a tax debt. This can include your wages, bank accounts, social security benefits, and other properties. The notice also informs you of your right to request a Collection Due Process (CDP) hearing within 30 days.

Why Did You Receive a CP1058 Notice?

You received a CP1058 notice because the IRS believes you have an outstanding tax debt that hasn’t been resolved. Here are some reasons why the IRS might send this notice:

1. Unpaid Tax Balance: You have a tax debt that has not been paid.
   
2. Ignored Previous Notices: The IRS has sent multiple notices regarding your tax debt, and there has been no response or resolution.
   
3. No Payment Agreement: You have not established a payment plan or other arrangement to settle your tax debt.

What Should You Do If You Receive a CP1058 Notice?

1. Do Not Ignore the Notice: Ignoring the CP1058 notice can lead to severe consequences, including asset seizure. It’s crucial to act immediately. Remember, you have only 30 days to act.
   
2. Read the Notice Thoroughly: Make sure you understand the details of the notice, including the amount owed and the deadline to respond.
   
3. Request a CDP Hearing: You have the right to request a Collection Due Process hearing within 30 days of receiving the CP1058 notice. This hearing allows you to discuss your case and explore alternatives to the levy.
   
4. Evaluate Your Options: At the CDP hearing, you can propose alternatives to the levy, such as an installment agreement, offer in compromise, or other payment arrangements.
   
5. Seek Professional Assistance: Handling the IRS can be complex and stressful. Consider hiring a tax professional to represent you and help you through the process.

How Can Hunter Tax Resolution Help?

At Hunter Tax Resolution, we are dedicated to helping clients resolve their tax issues and avoid levies. Here’s how we can assist you:

1. Analyze Your Case: We’ll review the details of your CP1058 notice and your tax situation to understand your options.
   
2. Request a CDP Hearing: We’ll assist you in requesting a Collection Due Process hearing and prepare your case for presentation.
   
3. Negotiate with the IRS: Our experienced team will negotiate with the IRS on your behalf to seek alternatives to the levy, such as a payment plan or offer in compromise.

Receiving a CP1058 notice from the IRS can be stressful, but understanding what it means and taking immediate action can help you avoid serious consequences.

Remember, you have the right to a hearing and the opportunity to resolve your tax debt.

If you need assistance, don’t hesitate to contact Hunter Tax Resolution.

Our team of experts is here to help you navigate the process and achieve the best possible outcome. Reach out to us today for personalized support and guidance.

Call now for a free consultation!