CP297C Notice – Levy for Unpaid Taxes Related to a Federal Contract

Getting a levy notice from the IRS is frightening. Before you start stressing over how much money the IRS is asking for, though, you should work with a tax attorney to figure out what your options are. If you receive the CP297C Notice from the IRS, rest assured that you and your attorney will be able to find a solution for your business.

What Is the CP297C Notice and What Does It Mean?

If you received the CP297C Notice from the IRS, it’s because the IRS believes you have unpaid business taxes. Specifically, your business has a federal contract with an unpaid tax balance. Typically, the IRS sends notices requesting that you pay the full balance due. If you don’t respond to these notices, then you get the CP297C.

In this situation, you’re not entitled to a hearing before the levy is scheduled to take place because you have federal contracts. It’s possible to appeal the levy, however, now that it’s been issued. The IRS gives a deadline of 30 days before the levy or other enforcement action listed on the notice—such as a lien—takes effect.

How to Handle a CP297C Notice

You have three options for handling the CP297C:

1.    You can dispute the taxes you owe with the IRS.

2.    You can dispute the penalties imposed by the IRS.

3.    You can make arrangements with the IRS to pay the outstanding balance.

If you want to appeal, you have to do so within 30 days of the date on the letter. If you miss this deadline, you lose the right to contest the appeal decision in tax court.

Contact a Maryland Tax Attorney for Help

Don’t let a levy notice from the IRS ruin your business. Call a reliable Maryland tax attorney instead. Our team at Gabaie & Associates works with businesses all over the state, including in Baltimore, Columbia, Frederick, and Rockville. We’ll help you deal with the CP297C Notice and make a plan for addressing your IRS tax debt. Call us today at (410) 358-1500 or fill out our contact form.