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IRS Notice CP297 Intent to Levy: What this Means and What to Do

The CP297 notice is a formal notification that the IRS can levy your assets in 30 days. This notice is almost exactly the same as the CP90 Notice. However, the CP297 is for businesses, while the CP90 is for individuals.

What To Do If You Receive a CP297

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Plan For Your IRS Success

When you have an income tax debt, you need a strategy, a plan to achieve success. Contact the best IRS tax help team at Flat Fee Tax Service, Inc. and find out what kind of plan is right for you.

You should not ignore this notice. After sending this notice, the agency the legal right to take your assets. To avoid that risk, you should respond or pay within 30 days.

How to Appeal a CP297

You can appeal the CP297 on your own but it would be better if you had an experienced IRS Tax Attorney handle this for you. There is more to this than simply filing an appeal.

If you don’t agree with this IRS notice or you want to stall the IRS enforcement, you can appeal using Form 12153, Request for a Collection Due Process or Equivalent Hearing.

To appeal, you must be prepared to argue that you do not owe the balance due. You must have a legitimate tax-based reason for the argument, rather than just a general objection.

BE SMART. GET AN IRS TAX ATTORNEY.

Unable to Pay a CP297

If you can’t pay your income tax bill, you also must respond within 30 days. You may be able to set up a payment plan—keep in mind interest will continue to accrue on the balance while you make payments.

In other cases, you may be able to make an Offer in Compromise. That is when you settle the bill for less than you owe.

Risks of Ignoring CP297

Ignoring CP297 is not a good idea. The IRS can legally start taking your assets within 30 days. That can include property, vehicles, and income. The IRS can and will seize your paycheck, your Social Security, your Social Security Disability (SSDI) and your Veterans Pension. In most cases, you are only allowed to hold onto essential tools for your trade (up to a certain value). Personally, you can usually keep essential clothing, furnishings, and a primary vehicle.

If the IRS plans to levy your Social Security benefits in particular, you may receive notice CP298. Note that the agency can take 15% of your payments, but it cannot take supplemental Social Security payments. Through the Federal Payment Levy Program (FPLP) the IRS can take 15% of your benefits and pensions.

Getting Help With Unpaid Income Taxes

If you have received a CP297 notice, it’s time to contact Flat Fee Tax Service, Inc. Our IRS Tax Attorney and tax relief team handle these problems every day.

You need to know if you are eligible and qualified to settle your income tax debt through the Offer in Compromise program. Why should you agree to an IRS Installment Agreement before knowing you can dramatically reduce your income tax debt.

YOU WANT A COMPLETE INCOME TAX RESOLUTION, NOT A "BAND AID".

CALL FLAT FEE TAX SERVICE, INC. TODAY. WE OFFER YOU A FREE AND CONFIDENTIAL CONSULTATION.

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FLAT FEE TAX SERVICE, INC. IRS TAX HELP PHONE: 1-800-589-3078

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Flat Fee Tax Service

3200 4th Ave., Suite 208,

San Diego, CA 92103

Phone. 800-589-3078

Email. info@flatfeetaxservice.us