Final Notice of Intent of Levy – IRS Letter 1058 or L-1058/LT11

Seeing a letter in the mailbox from the IRS can be a terrifying experience especially if you know you are behind on taxes. The first step is to calm down and figure out exactly what the IRS is sending you.

Letters from the IRS typically have a form number in the upper right hand corner. If you see IRS identifiers with “LT11” or “LT 1058”, then you definitely have received a “Final Notice of Intent of Levy.”

What Do You Do After Receiving a “Final Notice of Intent of Levy”?

The government gives you exactly 30 days to file an appeal. The 30 days is counted from the date on the “Final Notice of Intent of Levy” letter. Filing an appeal is an important step to buy you time and prevent the IRS from levying you while your case is pending. After filing an appeal, you should either contact the IRS directly to work out some sort of payment plan or contact a tax relief firm to determine the best way to approach the IRS with a plan to resolve the case.

What Happens If 30 Days Has Passed?

Don’t sweat, the IRS is a busy and very large government agency. They usually are flexible in giving you almost a year to file an appeal. Of course, if you can file an appeal sooner, the better.

What Happens After an Appeal is Filed?

The IRS moves at a slow pace. After an appeal is filed, the IRS takes as long as 5 months, sometimes longer to actually process the case. The best part of the wait is that once an appeal is filed, the IRS cannot levy your wages or bank account.

During the processing of the appeal, the IRS will work with a settlement officer on resolving your case and determining if you are eligible for some sort of payment plan or reduction in backtaxes owed.