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IRS Final Notice of Intent to Levy If you owe taxes to the IRS, and just received 1058 Letter from the IRS called “Call Immediately to Prevent Property Loss Final Notice of Intent to Levy�, you have 30 days from the day on this letter to get the situation under control. There are several ways you can achieve this. The best way to resolve the situation is to full pay your tax liability. You can do it by sending a check to the IRS, to the address indicated on the Final Notice. It is very important that your payment for the back tax is received and processed within 30 days from the day when this notice was issued. If you cannot full pay your delinquent taxes, another option you can choose to avoid being levied is to contact the IRS and submit a proposal to resolve your tax debt. This can be achieved via Installment Agreement, Partial Payment Plan, Offer in Compromise, or Status 53, Currently Uncollectible. It is very important to have a good understanding of your financial situation before talking to the IRS. Otherwise you might end up with higher payments toward your outstanding tax liability, which you would not be able to afford. A tax resolution expert, which could, for example, be an enrolled agent authorized to practice before the IRS, would be able to provide you with advice on what option would benefit you the most. In some cases it is possible to appeal the Final Notice of Intent to Levy. In order to do that, you need to prepare Form 12153,


“Request for a Collection Due Process or Equivalent Hearing”, and send it to the IRS. To be considered, your appeal request has to be received by the IRS within 30 days after 1058 letter was issued. Filing the “Request for a Collection Due Process or Equivalent Hearing” (CDP) document will give you more time without any collection activity by the IRS. This is the time the IRS needs to assign an Appeals Officer to look into your case. However, the IRS takes precautions to make sure that taxpayers don’t file a CDP request solely to delay collection actions. Interim Guidance IRS Memorandum from November 5, 2009 describes changes made by the IRS for requested Collection Due Process Hearing. These changes are made in order to prevent filing of “frivolous” appeal requests and include not only rejection of submitted form 12153, but also a $5,000 penalty, if the IRS believes that this request “reflects a desire to delay or impede the administration of federal tax laws”. Taking into consideration the complexity of this process, it is a good idea to seek representation from a tax professional to resolve the issues with your IRS back taxes. A tax debt specialist will review your financial situation and provide you with the best advice of how to handle your tax debt. This person will also be able to prepare an Appeal Request in response to the IRS Final Notice of Intent to Levy, should it become necessary.

Final Notice of Intent to Levy  

A Federal Tax Lien is a claim that the IRS makes against your property. According to the IRS, the purpose of this claim is to protect the Go...

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