← Back to Notice Library
Critical - Immediate Action Required
IRS CP297 Notice
Final Notice - Businesses - Intent to Levy
Final levy notice for business tax debt
What is CP297? CP297 is the business equivalent of CP90.
What This Notice Means
CP297 is the business equivalent of CP90. It is the Final Notice of Intent to Levy and Notice of Your Right to a Hearing for businesses with unpaid employment taxes or other business tax debts.
Why You Received This Notice
- 1Your business has unpaid employment taxes (payroll taxes)
- 2All previous collection notices were ignored
- 3The IRS is legally required to send this notice before levy
Important Deadline
You have 30 days from the date of the notice to request a Collection Due Process (CDP) hearing.
What You Should Do
- Request a CDP hearing immediately using Form 12153
- Consult with a tax attorney or CPA immediately
- Gather all business financial documentation
- Explore payment plans or Offer in Compromise for businesses
- DO NOT ignore this notice - levy action will follow
Resolution Options That May Help
What NOT to Do
- Do NOT miss the 30-day deadline
- Do NOT assume this is just another notice
- Do NOT hide business assets
- Do NOT dissolve the business to avoid payment
Frequently Asked Questions
What is the difference between CP297 and CP90?
CP297 is for businesses (employment taxes, corporate taxes) while CP90 is for individuals (personal income taxes). Both are Final Notice of Intent to Levy.
Can the IRS take my business bank account?
Yes. After CP297, the IRS can levy business bank accounts, accounts receivable, and other business assets. Requesting a CDP hearing temporarily stops this.
Need Help With This Notice?
Use our free tools to understand your options and connect with professionals who can help.
Related Notices
Recommended Next Steps
- File Form 12153 for CDP hearing
- Hire a tax professional immediately
- Prepare financial records for resolution negotiations