CP-297: IRS Notice of Intent to Levy and Notice of Your Right to a Hearing

The CP-297 "Notice of Intent to Levy and Notice of Your Right to a Hearing" are well known. When you receive this IRS Notice in the mail, you have already ignored the IRS' prior notices. CP-297 is exactly what its title suggests. It is a final alert prior to steps that bring about a Tax Levy beginning.

Why the IRS Delivers to You IRS Notice CP 297

CP-297 is towards the end of an extended line of IRS warnings that you might not have received or that might have gone disregarded. CP 297 alerts you about your tax debt needing to be satisfied before they enforce a tax levy on you. CP-297 also grants you the alternative to contest your debt, in case you think it is wrong. The secret is acting quickly if you would like to retain your pay and the monies in your bank account protected from IRS Levies. Do not ignore this form. Otherwise, a tax levy will be next.

CP-297 Simplified

Brushing aside this document is not a solution if you want to avoid a tax levy. The IRS can take any funds you obtain when it comes to a levy, including your SSI. No assets, work-related or personal, can be shielded from an IRS Levy. IRS Notice CP-297 also explains that a Tax Levy is about to be issued. Think of a Tax Lien as basically a red flag on your credit, destroying your likelihood at succeeding in life because you can't do anything involving credit.

What Steps Should I Take Once I Get the Notice?

The IRS doesn't tolerate excuses. They simply want the money you owe paid completely. If you're incapable of paying the entire amount in one payment, you must work with a tax debt settlement expert to find a way to work out an alternative plan for managing the amount you owe that does not include payment in full. Depending on your situation, you might be able to make affordable payments each month or resolve what you owe completely by way of an Offer in Compromise (OIC).

Time Frame to Pay Your Tax Debt Before a Levy Is Issued

The IRS will be expecting fulfillment of the past due tax right away. But the Internal Revenue Service does grant you a thirty-day period to pay them.

Effects of Not Making IRS Payments

If you decide not to acknowledge the alerts the IRS gives you in this notice, they'll move forward with determination. The IRS might attempt to garnish any payments being made to you, like your salary, the most often levied asset. Not even your bank account will be safe. The IRS can enforce a Bank Levy to take all of your bank account cash in one swoop. As mentioned before, an additional major problem to expect is a Tax Lien, which is unavoidable when money is owed to the IRS.

Fighting Notice CP 297 from the IRS

In some uncommon instances, the IRS has made an error and delivered the CP 297 when you in reality don't owe the IRS. You have the right to an Appeal Collection Due Process Hearing, but you must act within 30 days and you should have proof that supports your claims. Whatever you choose for resolving your IRS tax debt problem, it is a good idea to have a tax professional on your side to aid you in resolving your tax debt troubles.

Swipe to view more

Talk to a Lawyer

Want to talk to an attorney? Start here.

How It Works

  1. Briefly tell us about your case
  2. Provide your contact information
  3. Choose attorneys to contact you