How to Respond to an LT11 Notice or Letter 1058

Dealing with the IRS can often seem daunting, especially when you receive an official notice or letter. Two common forms of communication from the IRS are the LT11 Notice and Letter 1058. In this blog post, we’ll delve into what these letters mean, why you might have received one, and the steps you should take in response.

What is an LT11 Notice?

The LT11 Notice is a final notice that the IRS intends to levy your property. This means the IRS is warning you that they will take action to seize your assets (like bank accounts, wages, or other property) to satisfy your tax debt. This notice is often sent after multiple attempts by the IRS to contact you about an outstanding tax liability. It’s crucial to understand that this is a serious matter, indicating that previous notices or attempts at resolution have been unsuccessful or ignored.

Why Do You Receive an LT11 Notice?

You typically receive an LT11 Notice because:

• You have an unpaid tax balance that has been overdue.
• Previous notices, such as CP14 (informing you of your unpaid taxes), have been sent without resolution.
• The IRS has not received a response from you regarding these notices.

What is Letter 1058?

Letter 1058 is similar to the LT11 Notice in that it’s also a final notice before the IRS proceeds with levy actions. However, Letter 1058 is often used in different procedural contexts within the IRS. The intent and urgency of Letter 1058 are the same as the LT11 Notice – it’s a final call to action to address your tax debt before the IRS takes more severe measures.

What Should You Do Upon Receiving These Notices?

• Complete Payment of Balance: By settling your balance in full, you will stop the accrual of any further interest and penalties. For a swift and simple process, make your payment online. To understand your exact dues, refer to the section “Finding out how much you owe.”
  Note: If your outstanding balance is below $50,000, you might qualify to set up an installment agreement through the Online Payment Agreement tool.
• In Case of Full Payment or Uncredited Payment: Should you have already paid your balance in full, or if you believe a payment you made hasn’t been credited, you can send a proof of payment to the USCIS. Use the address provided at the top of your notice or letter for correspondence.
• Difficulty in Paying Balance: If you find yourself unable to pay the due balance, you should contact the USCIS using the phone number indicated on your notice or letter. 
  

Receiving an LT11 Notice or Letter 1058 from the IRS can be alarming, but it’s a situation that can often be resolved through prompt and careful action. Understanding these notices and responding appropriately is key to effectively managing your tax obligations and avoiding further complications with the IRS.

Remember, dealing with tax issues can be complex, and seeking professional advice is often the best course of action. Stay informed, respond promptly, and know that there are options available to help you navigate these challenges.

Schedule a consultation with us.