IRS Notice CP298 – Intent to Seize up to 15% of Your Social Security Benefits
This is the final notice prior to the IRS filing a levy against your Social Security benefits.
Type of Notice: Unpaid balance
Most common tax problem area: Unpaid business taxes
Other tax problem areas: Business penalties
Why you received IRS Notice CP298
- 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 CP298 as the final notice prior to filing a levy against 15% of your Social Security benefits.
Your options to address IRS Notice CP298
- Dispute the taxes you owe
- Dispute the penalties
- Make arrangements to pay
Notice deadline: 30 days
If you miss the deadline: The IRS will levy up to 15% of your Social Security benefit to pay your unpaid federal taxes.
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