The short answer
Letter 1058 is a notice of intent to levy and your right to a hearing, like the LT11. You have 30 days to ask for a hearing with Form 12153. The IRS can then levy wages, bank accounts and other property up to the amount owed.
Words to know
- Form 12153
- The form to ask for a collection due process hearing.
- Notice of intent to levy
- An IRS notice that it plans to take your property. CP504 is one. LT11 and Letter 1058 give hearing rights.