Tax Preparation Services in Fredericksburg, VA

We collect your documents, check them against what the IRS already has on file, sort income and expenses, figure out which federal and Virginia forms apply, prepare the return and then review it line by line before you sign. On a complicated return, a lot of the work happens before the forms: lining up K-1s, matching brokerage statements, tracing rental property basis, or sorting out foreign account reporting.

Anyone whose return goes beyond a W-2 and a standard deduction: business owners, landlords, active investors, people with income or accounts overseas, and contractors whose books follow federal cost rules. It also makes sense if a past return was wrong, a notice confused you, or your records need reconciling before anything can be filed with confidence.

Yes. Enrolled Agents are licensed by the U.S. Treasury to prepare returns and to represent taxpayers before the IRS on any federal tax matter. That second part matters: if the IRS ever questions a return we prepared, we can answer for you. At Assured Financial Services, the founder is the Enrolled Agent and handles your return personally.

Last year's federal and Virginia returns, W-2s, 1099s, brokerage statements, business profit and loss and balance sheet, receipts for major expenses, mortgage and property tax records, and proof of estimated payments. Business owners should add payroll reports, fixed asset purchases and any entity changes. If you hold foreign accounts or interests in foreign companies, bring statements and ownership details too.

As soon as your forms start arriving in late January. An early start leaves time to chase a missing K-1, reconcile the books and dig into anything unusual. Virginia individual returns are generally due May 1, a couple of weeks after the federal deadline, but the paperwork overlaps, so it's easiest to do both together. International and business returns benefit most from extra lead time.

Yes. We find out which years are missing, rebuild the records we can, and file in an order that makes sense for the balances involved. Unfiled years carry penalties and interest, and eventually draw IRS enforcement, so it's better to move before a notice forces your hand. Once you're current, we can work on tax resolution: payment plans, penalty relief or other options.

We do, and it's a natural fit for the Fredericksburg area. The founder has worked in government contract finance and knows DCAA expectations, FAR rules, indirect rate structures and incurred cost submissions. We prepare the business return with those records in mind, and we can help set up Costpoint, Unanet or QuickBooks Online so the books keep pace with the contracts.

Often it's step one. The IRS usually needs every required return filed before it will consider an installment agreement, penalty abatement, Currently Not Collectible status or an Offer in Compromise. Once those returns are in, our founder, as an Enrolled Agent, can represent you with the IRS and work toward resolving what's owed.