What should I do about an LT11 or Letter 1058?
An LT11 or Letter 1058 says the IRS intends to seize your property and tells you about your right to a hearing. You have 30 days from receiving it to ask for a collection due process hearing with Form 12153.
This letter is the formal notice of intent to levy and your right to a hearing. The IRS can then levy wages, bank accounts, and other property up to the amount owed.
A collection due process hearing is with the IRS Independent Office of Appeals. You can talk about other ways to pay. To do that, Appeals will want a financial statement, like Form 433-A or 433-B.
If you owe $50,000 or less and filed all returns, you may be able to set up a plan online instead.
Key facts
- The date you got the letter (your 30 days start then)
- The amount owed
- Whether all your returns are filed
- Whether you want to dispute the amount or just need time to pay
- Form 12153 and your financial forms
Options that may help
File Form 12153 within 30 days to appeal the levy and discuss options.
If you are current on filing, ask for a plan to pay over time.
Paying the balance stops more interest and penalties.
Results depend on your situation. Not every case qualifies.
Common questions
What can the IRS levy after this letter?
Wages and other income, bank accounts, business assets, your car and home, state refunds, and Social Security benefits.
Can I dispute the amount at the hearing?
Only in limited cases. If you can't, you can pay and file a refund claim, ask for audit reconsideration, or file an offer based on doubt as to liability.
Sources
General information, not tax or legal advice. You can contact the IRS yourself for free at irs.gov.