Wage Garnishment Help

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. Wage garnishment is wage levy.

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 wage garnishments 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 bank levy?

Common Desired Bookkeeping Outcomes

These are the outcomes business owners want from bookkeeping—not just “done books,” but clarity, control, and confidence.

Know Your Cash Position Anytime

This means you can open QuickBooks—or ask a simple question—and immediately know:

How much cash you truly have available
What’s already been spent but hasn’t cleared
What bills are coming due
Whether that balance is real or just “bank-feed hope”

When books are reconciled and current, your cash balance reflects reality. You can confidently answer:

“Can I afford this purchase?”
“Is this a good month to invest or save?”
“Do I need to slow spending?”

Instead of guessing based on a bank app or gut feeling, you’re making decisions from verified numbers.

Monthly Reports You Can Actually Use

A good Profit & Loss and Balance Sheet should tell a story about your business.

Usable reports:

Show income and expenses in meaningful categories
Reflect how your business really operates
Are consistent month to month
Make trends easy to spot

With clean monthly reports, you can:

See which months are strongest
Track growth or decline
Identify overspending early
Understand where your money is going

They stop being “accounting documents” and start becoming management tools.

Cleaner Tax Prep + Fewer Questions

When your books are clean all year:

Income is already complete
Expenses are properly categorized
Personal vs. business spending is separated
Nothing needs to be “reconstructed”

Your tax preparer doesn’t need to ask:

“What is this charge?”
“Is this personal?”
“Why does this not match the bank?”
“Can you resend these statements?”

The result:

Faster tax filing
Lower prep costs
Fewer follow-up emails
Less stress

Tax time becomes a routine process—not a fire drill.

Confidence in Every Number

This is the real payoff.

You stop wondering:

“Is this right?”
“Did I miss something?”
“Can I trust this report?”

Instead, you know:

Your balances match the bank
Your income is complete
Your expenses are accurate
Your reports reflect reality

That confidence changes how you run your business.
You plan more. You hesitate less. You make decisions based on facts—not fear.

Good bookkeeping doesn’t just organize numbers.
It replaces uncertainty with clarity—and stress with control.