Trusted Professional Tax Accounting Services

Accounting services organize, record, analyze, and report financial activity so a person or business understands its financial position. Tax services focus on meeting tax filing obligations, planning for tax exposure, and addressing tax issues with authorities. Professional tax accounting combines these disciplines by using accurate financial records to support compliant filings, informed planning, and well-documented responses to IRS matters.

Yes. An IRS Enrolled Agent is federally licensed by the U.S. Department of the Treasury and has unlimited practice rights before the IRS. This permits representation for individuals and businesses on tax matters including audits, collections, appeals, installment agreements, penalty relief requests, and tax debt resolution. Assured Financial Services is led by an IRS Enrolled Agent who manages client engagements directly.

Read the notice carefully, note its response deadline, and keep every page with your tax records. Do not ignore a notice, even if you disagree with it or cannot pay the amount shown. The notice identifies the tax year, issue, proposed action, and response instructions. A tax professional can review the matter, verify the IRS position, and help prepare a timely response.

Yes. Unfiled returns should be addressed accurately and in a sequence that supports the overall resolution strategy. Assured Financial Services prepares delinquent returns for individuals and businesses, reviews their effect on outstanding liabilities, and coordinates filing with potential IRS resolution options. Filing may be an important requirement before pursuing arrangements such as an installment agreement or an Offer in Compromise.

An installment agreement allows a taxpayer to pay an IRS liability over time instead of in one lump sum. The IRS considers the amount owed, filing compliance, financial information, and the proposed monthly payment. A well-structured agreement should be sustainable while satisfying IRS requirements. Interest and some penalties may continue to accrue until the balance is paid, depending on the arrangement.

IRS penalties may be reduced or removed when a taxpayer qualifies for relief, such as first-time penalty abatement or reasonable-cause relief. Eligibility depends on filing and payment history, the type of penalty, and supporting facts or documentation. Assured Financial Services evaluates the available relief programs and prepares formal requests that clearly explain the circumstances and support the taxpayer’s position.

An Offer in Compromise is an IRS program that may allow qualifying taxpayers to settle tax debt for less than the full amount owed. It is not automatic; the IRS evaluates income, assets, expenses, future earning potential, and tax compliance. The process requires detailed financial documentation, an accurate submission, and ongoing compliance. Pre-qualification helps determine whether an offer is a realistic option.

Act immediately. A wage garnishment or bank levy can restrict access to income, personal funds, or operating capital, and deadlines may apply. Gather the IRS notice, account information, recent tax returns, and financial records as soon as possible. Assured Financial Services communicates with the IRS on the client’s behalf and evaluates available options to seek a release, pause, or broader resolution.