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CP 90/CP 297 Notice of Intent to Levy

Notice: This is sent to inform you that the IRS will take Collection Action if you do not set-up. You may ask what kind of collection action can they take? The IRS can withhold salary, Social Security benefits, retirement benefits, bank accounts, real estate, business assets, etc.

Make sure to see if it is a CP 297A as this is more serious than a CP 90/297 because it says a levy has been issued and this can be on Federal reimbursements, retirement funds, employee travel costs, contractory payments, etc.

What do I do when I receive a CP 90/297/297A?

If you receive one of these notices make sure you respond immediately. You can either pay the money that is due, but for a lot of you this will be difficult. The other option is to get into one of many resolution options the IRS allows. These options include installment agreement, hardship status, offer in compromise, etc.

If I get one of these Notices who Can I talk To?

We advise you talk to the IRS at the number that is listed. However, the IRS can be intimidating and enter you into a deal you can't realistically afford. We at Wolf Tax can help get you into the best resolution possible. Give us a call at 888-965-3829 for a free confidential consultation.

What If I Don't Think I Owe that Much Money or the IRS Made a Mistake?

This is one of the few notices that allow you to file a request for an appeals hearing, but you MUST do this within 30 days of receiving the notice.



This post first appeared on Wolf Tax Help, please read the originial post: here

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CP 90/CP 297 Notice of Intent to Levy

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