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IRS Notice CP297C Business Notice

The IRS uses Notice CP297C as a Notice of Intent to Levy to warn you they intend to take business assets and property. This notice is URGENT and informs you that in 30 DAYS, short of action on your part, they will take aggressive collect action.

 

Notice of Intent to Levy to warn you they intend to take business assets and property

 

 

 

 

 

 

 

 

 

 

IRS Notice CP297C Business Notice

The IRS uses Notice CP297C as a Notice of Intent to Levy to warn you they intend to take business assets and property. This notice is URGENT and informs you that in 30 DAYS, short of action on your part, they will take aggressive collect action.

 You have a right to a hearing but MUST respond within 30 days

The purpose of the notice is to tell you the IRS will seize any Federal payments to which the business is entitled. The IRS also can seize property.  

The IRS likes to seize easy targets first. So, they go after the bank. Next, they look to accounts receivables, which can be devastating for a business since now the business customers know about the company’s tax problems. IRS Revenue Officers have the power to chain the door closed.  I have heard it being done to a florist on Valentines Day!

Your reaction to this will likely depend on what type of tax is involved and whether the business is still remain a going concern. Each type of tax has a specific response and time is not on your side.  If the issue include payroll tax liabilities, the owners of the company may become personally liable.

We must act quickly to stop IRS from contacting business customers, prevent levies on the business bank accounts or seizure of property. Often times, there are returns to be filed and financial information to gather. This can be difficult, but not impossible.

 

Never Be Surprised by a IRS Notice Again With Audit Alarm Real-Time Monitoring

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

What is my first step?

If you received a letter or notice, a decision has to be made.  Do you feel confident to handle this situation on your own?  If it is a simple issue and you already know the answer, call or write them. If the issue is more complicated, you need to hire a Certified Tax Resolution Specialist. The IRS or State will take full advantage of your lack of knowledge and experience.

What is Your Next Step?

The next step is to determine if the notice was sent in error.  Do you have an outstanding tax liability?  Do you have unfiled or incomplete returns?

Is There a Time Limit?

Yes, each letter or notice from the IRS or State will indicate a date that you MUST to contact them by.  If you need more time, call the number on the notice or letter and request an extension.  DO NOT ALLOW the time to expire without contacting them or hiring a representative to contact them for you.

What You Don’t Want to Do!

What you don’t want to do is nothing.  Your tax problems will only get worse if you ignore them.  If you cannot pay, there are a number of potential solutions available to those who are otherwise in compliance.  In compliance means having all tax returns filed and any balances paid or on a payment plan.  If you have outstanding debts or unfiled returns, you need to get hire a Certified Tax Resolution Specialist.

Get Some Help

If you don’t know how to address the issue(s), have unfiled return/unpaid balances or just done feel confident, let the experts at Legacy Tax & Resolution Services represent you.  Work with our team of Certified Tax Resolution Specialists to resolve your issue(s) quickly.  Best of all, you don’t have to talk to the IRS or State; we can speak on your behalf.

 

 

Download our Special Report “ I Just Received an IRS Notice, What Do I Need To Know?”

In it you will find next steps, dos and don’t and information about your options

 

 

 

 

 

 

 

 

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Stop the stress and resolve your problems!

 

Call 800-829-7483 for a FREE Consultation

 

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Also See

Can I Go To Jail For Owing Taxes?

Why Shouldn’t  I Just Use my Own CPA or Attorney to Help Me With This Tax Problem?

What is an Offer in Compromise in a nutshell?

I have Let This Get Out of Control.  How Soon Could You Start Working On My Behalf?

How are you compensated?

Several Tax Resolution Companies have called Me! Why Should I Hire Legacy Tax % Resolution Services?

Do I Need Local Tax Representation?

How Do I Know If My Situation Qualifies to Have my Tax Bill Reduced?

How Long Does the IRS Have to Collect Back Taxes From Me?

I Have a Deadline With the IRS (or State) Right Around the Corner.  Is It Too Late for Legacy Tax & Resolution Services to Help?

 

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