If you’ve recently received IRS Letter CP1058, your heart might be racing—and for good reason. This notice isn’t just a friendly reminder. It’s a formal notification from the IRS that your account has been assigned to the Automated Substitute for Return (ASFR) programbecause you didn’t file a required tax return. If you’re unsure what that means or what to do next, tax resolution expert Patti ONeillis here to help break it down.
What Is IRS Letter CP1058?
Letter CP1058 is the IRS’s way of saying: We didn’t get your tax return, so we filed one for you—based on income information we have from third parties like employers, banks, or the Social Security Administration.This process is known as a Substitute for Return (SFR).
However, the SFR only accounts for income—not deductions, credits, or exemptionsthat you may be entitled to. That means the IRS’s version likely shows you owing far more than you actually do.
Why Did You Get This Letter?
You likely received CP1058 because:
- The IRS didn’t receive your personal or business income tax return for a specific year.
- They gathered income records tied to your Social Security number or EIN.
- They filed a Substitute for Return (SFR) on your behalf—and calculated a tax bill based only on those numbers.
What Happens If You Ignore CP1058?
This is not a letter you want to ignore. If you do, the IRS may:
- Assess a large tax liability based on incomplete information
- Add penalties and interest to your balance
- Begin collection actionslike levies, liens, or wage garnishments
What Should You Do Next?
- Don’t Panic—Act Quickly
Time is critical. The CP1058 gives you 30 daysto respond before the IRS finalizes the assessment. - File Your Original Tax Return
Even if the IRS filed a substitute return, you still have the right to file your own return with accurate income, deductions, and credits. - Get Professional Help
Resolving an SFR issue on your own can be overwhelming. That’s where I come in.
How Patti ONeill Can Help
With years of experience helping taxpayers navigate complex IRS problems, I’ll:
- Review your CP1058 notice and your IRS account transcripts
- Reconstruct missing records if needed
- Prepare and file your original return to replace the IRS’s substitute
- Negotiate with the IRS to reduce or eliminate penalties and explore resolution optionslike Installment Agreements or Offers in Compromise
Final Thoughts
A CP1058 letter is a serious notice, but it’s not the end of the road. You still have options—and the sooner you act, the more choices you’ll have. If you’ve received this letter and you’re not sure where to turn, reach out for a free consultation.
📞 Contact Patti ONeill Today
Take control of your tax situation before the IRS does it for you. Call now or use the contact form to get started.
