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IRS Notice CP298 – Intent to Seize up to 15% of Your Social Security Benefits

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This is the final notice prior to the IRS filing a levy against your Social Security benefits.

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Type of Notice: Unpaid balance

Most common tax problem area: Unpaid business taxes

Other tax problem areas: Business penalties

Why you received IRS Notice CP298

  1. Your business owes a balance due.
  2. The IRS sent notices requesting full payment of the balance due, but you have not responded.
  3. The IRS sent CP298 as the final notice prior to filing a levy against 15% of your Social Security benefits.

Your options to address IRS Notice CP298

  1. Dispute the taxes you owe
  2. Dispute the penalties
  3. Make arrangements to pay

Notice deadline: 30 days

If you miss the deadline: The IRS will levy up to 15% of your Social Security benefit to pay your unpaid federal taxes.

Want more help?

See your local tax pro for a free consultation.

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