If you’ve received a CP1058 Notice from the IRS, it’s a serious warning—but not the end of the road. This notice indicates that the IRS has filed a tax return on your behalf because you haven’t filed one for a specific year. It’s called a Substitute for Return (SFR), and it rarely works in your favor.
At Fine and Clear Tax Solutions, we help individuals resolve issues like this before they spiral into wage garnishment, bank levies, or other collection actions.
What the CP1058 Really Means
The IRS uses income records from third parties—such as your employer or bank—to file a basic return for you. However, this return doesn’t include deductions, credits, or dependents that could lower your tax bill. As a result, you may be facing a significantly inflated tax balance.
Why You Might Have Received This Notice
- A return wasn’t filed for a specific tax year
- Prior IRS letters went unanswered
- The IRS created an SFR based on income documents like W-2s or 1099s
Ignoring It Can Lead to Bigger Problems
If you take no action, the IRS can:
- Finalize the inflated tax bill as legally due
- Add penalties and interest
- Begin collection efforts like wage garnishment or bank levies
What You Should Do Right Away
- Submit a Correct Return
Filing the proper return often reduces your tax bill dramatically. - Act Within 30 Days
You generally have 30 days from the date on the CP1058 to respond before the IRS locks in the balance. - Seek Help from a Tax Resolution Expert
A qualified professional can help you correct the record and prevent aggressive collection actions.
How Fine and Clear Tax Solutions Can Help
Our team works with clients every day to:
- Access IRS records and account transcripts
- File accurate back tax returns—even with limited documents
- Negotiate on your behalf to reduce or eliminate penalties
- Stop enforcement actions before they begin
Don’t Let the IRS Decide Your Taxes for You
The CP1058 is a sign that it’s time to act. The sooner you respond, the more options you’ll have—and the better the outcome.
📞 Call Fine and Clear Tax Solutions today or request a free consultation online to get started.
