Blog

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

HEY, BUSINESS OWNER. HAVE YOU RECEIVED AN IRS CP297 NOTICE?

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.

AN ASSET WOULD BE BANK ACCOUNTS, INVENTORY, TOOLS/MACHINES, ETC.

What Should You Do If You Receive a CP297

YOU SHOULD CALL THE BEST IRS HELP TEAM AT FLAT FEE TAX SERVICE, INC.

IRS Problems - Choose The Best IRS Help Team

When you have IRS income tax debt, you need to start making decisions. Call the best IRS help team at Flat Fee Tax Service, Inc. and fix your IRS problems today.

YOU NEED PROTECTION FROM THE IRS.

You should never ignore an IRS CP297 notice. After sending a CP297 notice, the IRS has the legal right to take your assets. To avoid that risk, you need a response or pay within 30 days. YOU NEED PROTECTION!

How to Appeal an IRS CP297 Notice.

If you don’t agree with the CP297 notice, you can appeal using Form 12153, Request for a Collection Due Process or Equivalent Hearing.

YES, YOU CAN DO THIS YOURSELF.

IF YOU ARE SMART, YOU WILL GET YOURSELF AN EXPERIENCED IRS TAX ATTORNEY.

To appeal the IRS CP297, 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.

Unable to Pay a CP297?

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

You may be able to make an offer in compromise. That is when you settle the bill for less than you owe.

Risks of the Ignoring CP297.

Ignoring an IRS CP297 notice is never a good idea. The IRS can legally start taking your assets within 30 days. That can include property, vehicles, and income. 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 an IRS notice CP298. Note that the IRS 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% FORM YOUR SOCIAL SECURITY, SOCIAL SECURITY DISABILITY (SSDI) AND/OR VETERANS PENSIONS.

Getting The Best IRS Help With Unpaid Taxes Is Easy

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

FLAT FEE TAX SERVICE, INC. IS ACCREDITED BY THE BBB WITH AN A-PLUS RATING.

temp-post-image

https://www.thebestirshelp.com

http://www.flatfeetaxservice.us

https://www.facebook.com/thebestirshelp

CONTACT US

keep in touch

Flat Fee Tax Service

3200 4th Ave., Suite 208,

San Diego, CA 92103

Phone. 800-589-3078

Email. info@flatfeetaxservice.us