Have you received a CP1058 notice in the Albany Capital region area?
Receiving a CP1058 notice from the IRS can be alarming. This notice, officially titled “Final Notice of Intent to Levy and Notice of Your Right to a Hearing,” means the IRS is about to take serious collection action against you. But don’t panic—there are steps you can take to protect yourself.
What is the CP1058 Notice?
The CP1058 is one of the last warnings you’ll receive before the IRS begins seizing your assets, garnishing your wages, or taking other collection actions. It’s essentially a final demand for payment of your outstanding tax debt. The notice includes the amount you owe, including penalties and interest, and informs you of your right to request a hearing within 30 days.
What Should You Do Next?
Here’s what you need to do if you’ve received a CP1058 notice:
- Review the Notice Carefully: Double-check the amount the IRS claims you owe. Compare it with your records to ensure accuracy.
- Consider Your Payment Options: The IRS might accept full payment, but that’s not always feasible. Consider setting up a payment plan or exploring an offer in compromise.
- Request a Collection Due Process Hearing: If you disagree with the IRS or need more time to resolve the debt, you can request a hearing within 30 days. This temporarily stops the IRS from taking collection actions.
- Respond Quickly: Time is of the essence. Delaying your response could lead to the IRS proceeding with a levy on your assets.
- Get Professional Help: Navigating the IRS’s demands can be overwhelming. This is where a tax resolution professional becomes invaluable.
Why Tax Fighters Inc. is Your Best Option
At Tax Fighters Inc., we specialize in helping clients navigate complex IRS disputes. Our team of seasoned tax experts, led by Edward and Anne Welch, understands the intricacies of IRS notices and can craft a tailored strategy to protect your assets and rights. With over 20 years of collective experience and a proven track record, we excel in halting IRS collection actions, releasing liens, and preventing levies.
We are independently owned and operated, and will get you the best possible results at an affordable price.
We understand that tax disputes are stressful and confusing. That’s why we’re committed to guiding you every step of the way. When you choose Tax Fighters Inc., you’re not just hiring a tax expert—you’re enlisting a dedicated advocate who will fight for your best possible outcome.
Call Now for a Free Consultation
Did you receive a CP1058 notice in the Capital District?
Don’t wait for the IRS to take action.
Contact Tax Fighters Inc. today at 518-545-5680 for a risk-free consultation. Let us help you regain control and find a solution to your tax challenges.
