CP297 – Notice of Levy

Urgent: Intent to Seize Your Assets and Notice of Your Right to Hearing

What It Means:

The IRS sends a CP297 notice when a business has failed to pay its outstanding tax balance after repeated requests for payment. It also notifies you that the IRS intends to seize (levy) your assets within 30 days if you do not take immediate action. This may include, but is not limited to, your bank accounts, accounts receivable, cash on hand, and other business assets.

Next Steps:

Carefully review your CP297 notice, paying close attention to all your available options.

If you agree with the amount due:

  • Pay your tax debt in full by the deadline date indicated in the notice.
  • Request a payment plan or other tax relief if you are unable to pay your balance on time.

If you disagree with the amount due:

  • Request a Collection Due Process Hearing by submitting Form 12153 before the deadline date indicated on your CP297 notice.
  • Contact a tax professional to explore all your tax relief options.

Failure to respond to a CP297 can lead to serious consequences, putting your business assets at risk and waiving your right to an appeal.

Need Help?

Call 855-774-0271 or complete our online form to schedule a Free Consultation with one of our tax specialists.