What is a CP1058 Notice?
Have you received a CP1058 Notice from the IRS? This notice, officially called the “Final Notice of Intent to Levy and Your Right to a Hearing,” is a serious warning that the IRS intends to seize your property or assets to satisfy a tax debt.
Receiving this notice can be alarming, but it’s crucial to understand what it means and how to respond.
Steps to Resolve a CP1058 Notice
- Read the Notice Carefully: Understand the details of your tax debt, including the amount owed and the due date.
- Request a Collection Due Process (CDP) Hearing: You have 30 days from the date on the notice to request a CDP hearing. This hearing is your opportunity to dispute the debt or propose alternative solutions, such as an installment agreement or an offer in compromise.
- Provide Necessary Documentation: Gather all relevant documents to support your case, including financial statements and records.
- Communicate with the IRS: Keep open lines of communication with the IRS to avoid further penalties or actions.
The Importance of Hiring a Professional
Dealing with the IRS can be intimidating and confusing, especially if you’re not familiar with tax laws and procedures.
A tax resolution professional can provide the expertise and support you need to navigate this process successfully. They can help you understand your options, prepare for your hearing, and negotiate with the IRS on your behalf.
How Olympus Tax Resolution Can Help
At Olympus Tax Resolution, Steve Calvar and his team specialize in helping Miami residents resolve their tax issues. With years of experience and a deep understanding of IRS procedures, they can guide you through the process and work to protect your assets.
Don’t face the IRS alone…
If you owe $10,000 or more in taxes and received a CP1058 notice in the Miami area, reach out to Steve Calvar NOW at (833) 554-7743.
With his guidance, you’ll get the IRS off your back and find peace of mind.