Bank Levy Release

A levy is a legal seizure of your property to satisfy a tax debt. The IRS can actually take the property to satisfy the tax debt. The IRS can levy your bank account.

If you do not pay your taxes, the IRS may seize and sell any type of real or personal property that you own or have an interest in. The IRS can:

1. Take property that is yours but is held by someone else (such as your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions).

2. Take and sell property that you hold such as house, boat, or car.

The IRS has 3 requirements before they can levy:

1. The IRS assessed the tax and sent you a Notice and Demand for Payment;

2. You neglected or refused to pay the tax; and

3. The IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (levy notice) at least 30 days before the levy.

The most common levies are bank levy and wage levy (or wage garnishment).

There are ways to release or remove bank levy that a professional, such as a CPA, can do. This is why we are here to help you. Give us a call for a free consultation! We are interested to hear your unique case and help you get back to you normal life. Call us – 1 (424) 278-4838.

- What is tax lien?

- What is wage garnishment?

What Software Do You Use?

We use Quickbooks Online only. Below are the reasons we strictly use Quickbooks Online.

Designed for Collaboration

Unlike desktop software, QBO is built for shared access:

You
Your bookkeeper
Your CPA

All work in the same file, in real time. No emailing backups. No version conflicts. No delays at tax time.

Industry Standard = Better Support

Because QBO is the industry standard:

Nearly every bookkeeper and CPA knows it
Training resources are abundant
Apps integrate seamlessly (Stripe, Gusto, Square, Shopify, Bill.com, etc.)

You’re never locked into a niche system.

Real-Time Financial Visibility

QBO gives you live access to your numbers—bank balances, income, expenses, profit—anytime, anywhere.
No waiting for month-end spreadsheets. No guessing. You always know where your business stands.

Better decisions happen when you see reality, not last quarter’s snapshot.

Automatic Bank & Credit Card Feeds

Transactions flow in automatically from your financial institutions.
This means:

Fewer manual errors
Faster monthly closes
Near-zero data entry

Your books stay current with minimal friction.

Scales With Your Business

Whether you’re:

A solo consultant
A growing service firm
An S-Corp with payroll
A multi-entity owner

QBO grows with you—inventory, projects, classes, locations, payroll, time tracking, and integrations as you evolve.

You don’t “outgrow” it.

Cleaner Books = Cheaper Taxes

Clean QBO books mean:

Faster tax prep
Fewer CPA cleanup hours
Lower professional fees
Fewer IRS questions
Stronger audit trail

Good bookkeeping literally pays for itself.

Professional-Grade Reports

With one click you can generate:

Profit & Loss
Balance Sheet
Cash Flow Statement
Category detail
Monthly comparisons

These are the same reports banks, investors, and CPAs rely on.

Cloud Security & Backups

Your data is:

Encrypted
Backed up automatically
Protected from hard-drive failure
Accessible even if your computer dies

No more “I lost my file.”

Saves Time Every Single Month

QBO replaces:

Manual spreadsheets
Handwritten logs
Data re-entry
Emailing files

The result: fewer hours spent on books and more time running your business.

It Creates Financial Confidence

The biggest benefit isn’t technical—it’s psychological.

You stop wondering:

“Can I afford this?”
“Am I actually profitable?”
“Why is tax time always a surprise?”

You know.

And that clarity changes how you operate as an owner.

QuickBooks Online isn’t just accounting software—it’s the operating system for a well-run small business.