Levies can really do a lot of damage and even ruin your life. A levy
is the IRS's way of
getting your immediate attention. What they are saying is, we have tried to communicate with you but you have ignored
us. Levies are used to seize your wages and whatever other assets you have. If you own it, they can take it. That
includes checking accounts, auto's, stocks, bonds, boats, paychecks, and even Social Security checks!
Levies can really do a lot of damage and even ruin your life. A levy is the IRS's way of getting your immediate attention. What they are saying is, we have tried to communicate with you but you have ignored us. Levies are used to seize your wages and whatever other assets you have. If you own it, they can take it. That includes checking accounts, auto's, stocks, bonds, boats, paychecks, and even Social Security checks!
Imagine waking up one morning and finding all your bank accounts have been cleaned out. They will take every dime. If this amount did not cover what is owed, they'll keep taking your money until you cover your tax liability. They know that levying your bank account will cause checks to bounce, alerting many people that you have tax problems. But they don't care! Their sole objective is to collect the taxes owed. Period.
As bad as that is, a worse method is a wage levy (or garnishment). That's when most of your pay check goes to the IRS, they don't leave you enough to pay the bills, and most of your check goes to the IRS each and every week until the debt is paid.
If that doesn't accomplish what they want, they'll pull out all the stops. They'll seize your assets, and sell them at auction. That includes everything you own; home, cars, boats, jewelry, motorcycles, insurance polices, retirement funds, anything of value.
We are often able to get those levies released and help you get out of this terrible situation. Our goal is to get you even with the IRS, with what you can afford, and let you start life anew.
We are honored to receive an award as the Best Accounting firm, in SMB market, for 2018 in San Francisco by the San Francisco Award Program. It is an annual awards program honoring the achievements and accomplishments of local businesses throughout the San Francisco area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value. We also help individuals with their tax problems and tax returns
Hello Victor, You were the one that made me sign up with your firm, and the kindness and availability of your team made me
stay. Thank you very much for being a part of our success.
Bouche French Restaurant
Our top reasons for working with BOL have been around BOL's ability to be consistently pragmatic and flexibly adapting to
our changing and evolving business needs while being able to do this in a a reasonably affordable
Xscend Detailing, Campbell, CA.
Service is great, fees are reasonable.
Open Resty Inc, a software company
Simon and Victor, The meeting today about tax advisory was super informative. We are so glad we found you! Thank you for
taking us as clients and we look forward to keep working with you. Happy new year!
Jason & Fan Cox
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An income tax form is like a laundry list - either way you lose your shirt.
The hardest thing in the world to understand is the income tax.
The difference between death and taxes is death doesn't get worse every time Congress meets.