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Key Steps to Rectify Incorrect Information and Prevent IRS Asset Seizures

Are you facing the daunting LT11/Letter 1058 Notice from the IRS? It's crucial to take immediate action to rectify any discrepancies and prevent potential asset seizures. 

In this comprehensive guide, we'll dissect the LT11/Letter 1058 Notice, outline its implications, and provide actionable steps to resolve this critical issue with the IRS.

What is the LT11/Letter 1058 Notice?

The LT11/Letter 1058 Notice is a warning from the IRS, signaling their intent to issue a levy against your bank accounts, wages, or other assets due to an outstanding balance. 

Additionally, it notifies you of the IRS's plan to search for additional assets and potentially file a Federal Tax Lien if necessary.

Deciphering the Message

The LT11/Letter 1058 Notice serves as a wake-up call, indicating serious consequences if left unresolved. It's imperative to understand the gravity of the situation and take immediate action to address the outstanding balance.

How to Resolve IRS Levies

To prevent asset seizures and mitigate the impact of the LT11/Letter 1058 Notice, follow these essential steps:

1. Pay the Outstanding Amount: Promptly pay the amount specified on the notice to satisfy the balance due.
2. Set Up a Payment Plan: If paying the full amount upfront isn't feasible, contact the IRS using the provided number to arrange a suitable payment plan.

Take Action Now

Ignoring the LT11/Letter 1058 Notice can lead to severe consequences, including asset seizures and Federal Tax Liens. 

By taking swift action and addressing the outstanding balance, you can avoid further escalation of the situation and protect your financial stability.

Learn More

Explore our comprehensive resources to gain deeper insights into managing IRS notices, resolving tax discrepancies, and safeguarding your financial well-being.

Conclusion

The LT11/Letter 1058 Notice demands immediate attention and action. By acknowledging the implications and promptly addressing the outstanding balance, you can prevent IRS asset seizures and secure your financial future. Don't delay; act now to resolve the issue and regain peace of mind.

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