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.
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
- Your business owes a balance due.
- The IRS sent notices requesting full payment of the balance due, but you have not responded.
- 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
- Dispute the taxes you owe
- Dispute the penalties
- 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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