Received an IRS Letter 1058 and Concerned About a Levy?
Receiving an IRS Letter 1058 is serious and requires immediate attention.
This letter means the IRS is formally warning you that they may levy (seize) your bank account, wages, or other assets if you do not take action.
This is not an early reminder.
This is a final collection notice.
What are you trying to do right now?
People in this situation usually want one of these things.
- Just understand what this means
- Check if this is serious
- Handle it myself step by step
- Deal with it later
What is IRS Letter 1058?
IRS Letter 1058 is officially called a Final Notice of Intent to Levy and Notice of Your Right to a Hearing.
In plain terms, the IRS is saying:
- you have an unpaid tax balance
- earlier notices were ignored or unresolved
- the IRS is now preparing to collect
- this is your last warning before levy action
Once this letter is issued, the IRS has legal authority to move forward if deadlines pass.
Why did you receive IRS Letter 1058?
People usually receive Letter 1058 after:
- failing to respond to earlier IRS letters
- not paying an outstanding balance
- missing response deadlines
- unresolved tax disputes
At this stage, the IRS believes the balance will not be resolved voluntarily.
Receiving Letter 1058 does not mean the IRS has already taken your money.
This letter exists to warn you and to give you one last opportunity to respond before levy action begins.
Many people receive this letter because of delays or confusion — not because of intentional wrongdoing.
Is an IRS CP14 notice serious?
- Yes — IRS Letter 1058 is very serious and should not be ignored.
- This notice means the IRS is legally preparing to levy assets if no action is taken.
- At this stage:
- bank levies are possible
- wage garnishment may begin
- tax refunds can be seized
- your response window is limited
- This letter is not a levy yet — but it is the final step before one can occur.
What happens if you ignore IRS Letter 1058?
Ignoring Letter 1058 can result in:
- bank account levy
- wage garnishment
- seizure of future tax refunds
- aggressive collection enforcement
Once levy action starts, your options become far more limited.
What are you What are your options after receiving CP14?
to do right now?
- Pay in full
- Payment plan
- Review for errors
- Get help later
What options do you have after receiving Letter 1058?
Depending on your situation, people commonly:
- request a Collection Due Process (CDP) hearing
- set up a payment arrangement
- pay the balance in full
- seek assistance before levy begins
The most important thing is not to ignore the notice.
Can the IRS levy your bank account after Letter 1058?
Yes — but not immediately.
Letter 1058 provides a limited response window before levy action can legally start.
If that window closes without action, the IRS may proceed with asset seizure.
What people usually look at next?
- Deadlines & timelines
- Penalties & interest
- What happens if ignored
- Ways to resolve properly
Final thoughts on IRS Letter 1058
An IRS Letter 1058 is the last formal warning before enforced collection.
The most important things to remember:
- this notice demands attention
- you still have specific rights
- time matters now
- ignoring it leads to real financial consequences
Understanding the letter first helps you choose the least damaging next step.
IRS Notices & Tax Letters
If you’ve Recieved an IRS notice, reviewing related letters can help you understand what IRS may request next.
Frequently Asked Questions About IRS Letter 1058
Is IRS Letter 1058 the same as a levy?
No. Letter 1058 is a final warning, not the levy itself — but levy action can follow if ignored.
How long do I have to respond to Letter 1058?
The letter includes a short response window. Missing it allows the IRS to proceed.
Can the IRS garnish wages after Letter 1058?
Yes. Wage garnishment is one of the possible outcomes if the notice is ignored.
Does Letter 1058 mean immediate bank seizure?
No. The IRS must wait until the response period passes — but action can follow quickly after.
Is Letter 1058 worse than CP14 or CP501?
Yes. Letter 1058 represents the final collection stage before levy action.