Quick answer: A CP504, LT11, or Letter 1058 means the IRS intends to seize (“levy”) assets — wages, bank accounts, or state refunds. The LT11/1058 gives you 30 days to request a Collection Due Process hearing, which legally pauses the levy. This is the most time-sensitive mail the IRS sends. Act now.
What’s the difference between CP504 and LT11?
A CP504 is the “Notice of Intent to Levy” — serious, but the IRS can generally only seize state tax refunds at this stage. The LT11 (or Letter 1058) is the “Final Notice of Intent to Levy and Notice of Your Right to a Hearing” — after its 30-day window, the IRS can levy wages, bank accounts, and other property.
Can a levy actually be stopped?
Yes — and the 30-day hearing request is the most powerful tool for doing it. Filing a timely Collection Due Process request stops levy action while your case is reviewed, and the hearing is where resolution options like installment agreements or an Offer in Compromise get negotiated from a position of legal protection rather than panic.
What happens if I miss the 30 days?
The IRS can begin seizing wages and freezing bank accounts, and your strongest appeal rights are reduced. Levies can still be released after the fact — we do it regularly — but it’s harder, slower, and more stressful than acting inside the window.
What should I do today?
- Find the date on the letter and count 30 days — that’s your deadline
- Do not ignore it hoping for more letters — this is the last warning
- Get representation before contacting the IRS, so nothing you say is used to fast-track collection
Holding a levy notice? Call today, not tomorrow.
Every day inside your 30-day window is leverage. The free call takes 15 minutes and could be the difference between a negotiated plan and a frozen bank account.