If you’ve received an IRS CP1058 notice, you’re likely feeling confused or even alarmed—and rightfully so. This isn’t a routine letter. It’s a clear warning that the IRS believes you failed to file a tax return and has taken it upon itself to file one for you under the Substitute for Return (SFR) program.
At COTTS Law, we help clients address CP1058 notices quickly and strategically—because how you respond now can significantly impact your financial outcome.
What Is IRS Letter CP1058?
CP1058 notifies you that the IRS has prepared a Substitute for Return (SFR)using income data reported by third parties (such as employers or financial institutions). However, that return does not include any deductions, exemptions, or credits—and the result is often an overstated tax bill.
Why Did You Get This Letter?
You likely received a CP1058 because:
- You did not file your income tax return for a specific year.
- The IRS used your W-2s, 1099s, and other forms to calculate what they believe you owe.
- The agency is preparing to finalize the assessmentand may soon begin collection actions.
What Happens If You Ignore It?
If you fail to respond within the deadline, the IRS may:
- Finalize a tax assessment based solely on their data (with no regard for deductions).
- Add penalties and interest.
- Initiate collection enforcement such as wage garnishment, bank levies, or liens.
What You Should Do Immediately
- Don’t Ignore the Notice
You have limited time—typically 30 days—to respond or take corrective action. - File the Correct Tax Return
Filing your original return can often replace the SFRand significantly lower the assessed tax. - Consult a Tax Attorney
An experienced tax attorney can protect your rights, communicate with the IRS on your behalf, and ensure the best resolution possible.
How COTTS Law Can Help
At COTTS Law, we assist individuals and businesses in resolving SFR-related issues by:
- Accessing your IRS account transcripts
- Reconstructing financial records if needed
- Filing accurate returns to replace IRS estimates
- Pursuing available relief options and halting enforcement actions
Take Action Today
The CP1058 notice is not the end of the road—but it is a fork in the road. Left unaddressed, it can lead to aggressive IRS collections. With swift legal guidance, however, you can regain control and avoid long-term financial consequences.
📞 Contact Attorney Daniel Cotts at COTTS Lawto schedule a consultation and start resolving your tax matter today.
