USTaxPenaltySaverLetter 1058
CDP RightsCriticalFinal Notice of Intent to Levy (Business)
Final notice before levy for business taxes. Grants CDP hearing rights.
Response Deadline
30 days from notice date
This is a firm deadline. Missing it means the IRS can levy your bank accounts and wages without further notice. File Form 12153 immediately.
Collection Due Process Rights
This notice grants you the right to a CDP hearing. Filing Form 12153 within 30 days stops ALL IRS collection action while your case is reviewed. This is your opportunity to propose alternatives like an installment agreement or Offer in Compromise.
Request CDP HearingWhat This Notice Means
Letter 1058 is the business equivalent of LT11/CP90. It is sent before the IRS levies business assets for unpaid employment taxes, excise taxes, or other business tax debts. This notice grants Collection Due Process rights with a 30-day deadline to request a hearing.
Why You May Have Received This
- 1Unpaid Form 941/940 employment taxes
- 2Unpaid business income taxes
- 3Failed installment agreement
Required Actions
File Form 12153 within 30 days
Contact a tax professional experienced with business tax issues
Consider Trust Fund Recovery Penalty implications
Your Options
Use these calculators to understand your situation and explore resolution options.
Consequences If Ignored
- Business bank accounts can be frozen
- Accounts receivable can be seized
- Personal liability assessment against responsible persons
- May impact business operations significantly
Tips & Best Practices
- Employment tax debts can result in personal liability (Trust Fund Recovery Penalty)
- Business assets including accounts receivable can be levied
- Officers and responsible persons may be personally assessed
Related Resources
IRS Forms
IRS Resources
Legal References
Ready to Take Action?
Our guided workflow will walk you through exactly what to do for this notice, step by step.