Receiving a tax notice or letter is never a pleasant experience. It can be confusing and frustrating if you don't understand why you received the notice in the first place. That's why we wrote The Ultimate Guide to Tax Notices and created a tax notice library filled with the most common tax notices and letters you might receive. We believe the process of staying compliant with your taxes should be as effortless as possible.
General Information
- What is the notice number? CP298
- What government agency sends this notice? The Internal Revenue Service (IRS)
- What is this notice about? The IRS is notifying you of their intent to levy up to 15% of your social security benefits for unpaid taxes.
- What should you do if you receive this notice?
- Read it carefully, it explains the IRS' actions.
- Pay what you owe.
- Request a payment plan if you can't pay the full amount you owe.
FAQs & Additional Information
- Should I contact the Social Security Administration (SSA)? No, contact the number listed on the notice. The SSA can't stop the levy or assist you in resolving the tax issue.
- What happens if I can't pay what I owe? You can request a payment plan if you can't pay the full amount you owe.
What does it look like?
Resources
Looking for more information about this notice? Here are some helpful resources:
- About the notice - https://www.irs.gov/individuals/understanding-your-cp298-notice
- Example copy of the notice - https://www.irs.gov/pub/notices/cp298_english.pdf
How can we help you today?
Are you looking for more information about your tax notice or other challenges? DiMercurio Advisors has a dedicated team supporting tax notices, audits and more. We are passionate about ensuring you are well-informed and in control of your tax situation.
