IRS Notice CP297 – Intent to Seize Your Assets and Notice of Your Right to a Hearing

This is the final notice prior to the IRS filing a levy against any federal payments due to the business. The notice also advises you of the IRS’ right to file a lien on your business’ property or rights to property.

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Type of Notice: Unpaid balance

Most common tax problem area: Unpaid business taxes

Other tax problem areas: Business penalties

Why you received IRS Notice CP297

  1. Your business owes a balance due.
  2. The IRS sent notices requesting full payment of the balance due, but you have not responded.
  3. The IRS sent CP297 as the final notice prior to filing a levy against any federal payments due to you and prior to filing a lien. You have a right to appeal the proposed levy or lien action.

Your options to address IRS Notice CP297

  1. Dispute the taxes you owe
  2. Dispute the penalties
  3. Make arrangements to pay

Notice deadline: 30 days

If you miss the deadline: The IRS will begin enforced collection actions such as issuing a levy against your federal payments and filing a Notice of Federal Tax Lien.

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