Easy Billing Services– 2026 Financial Roadmap

What we completed, what it produced, and what remains pending under your agreement

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Main Goal:

Create greater financial clarity, stability, and strategic advisory support so you could make confident decisions around:

-Cash flow
-Budgeting
-Forecasting
-Tax planning

And major financial choices throughout the year, even during periods of pressure and burnout.

January
Pre-Engagement Context

Before the January–June 2026 report period, your business had several items that directly shaped the 2026 work. The agreement beginning January 1, 2025 called for monthly financial statements, account reconciliations, business credit card reconciliation, and tax strategy guidance. The agreement also allowed up to ten annual meetings, with one required end-of-year meeting no later than the end of November.

The 2025 management report, 2025 tax return work, prior IRS and California balances, and historical software costs were directly relevant to 2026 planning. Those prior-year items mattered because they affected the 2026 budget, tax payment structure, software pricing review, and the timing of monthly reporting.

Your Goals and Concerns​

As you began 2026, your priorities centered on closing out 2025 accurately while establishing a stable financial foundation for the new year. Your primary goals and concerns included:

  • You wanted to complete your year-end bookkeeping and begin 2026 with accurate financial records.
  • You needed to establish a manageable strategy for addressing your IRS tax debt while avoiding additional collection issues.
  • You wanted to remain compliant with your tax filing and payroll obligations as you prepared for the new year.
  • You needed accurate year-end financial reporting to understand your business performance and support future planning.
  • You wanted to ensure your payroll structure and withholding strategy were appropriate before payroll resumed later in the year.
  • You needed to complete annual compliance items, including your Accountable Plan and 1099 filings.
  • You wanted to begin planning for future tax obligations so your payment arrangement would remain in good standing.

Goal: Complete Your Year-End Bookkeeping
Status: ✅ Completed

We finalized your December bookkeeping and completed the year-end accounting close. During our review, we identified a Patriot payroll tax payment of approximately $12,000 that did not have a corresponding journal entry. To ensure your books remained current, we temporarily recorded the transaction to payroll taxes while awaiting final confirmation before reclassifying it if necessary.

Goal: Deliver Your Year-End Financial Reporting
Status: ✅ Completed

We prepared and delivered your 2025 Management Report, providing an executive summary, financial highlights, and key business observations to help you evaluate your financial performance as you entered the new year.

Goal: Establish a Tax Debt Resolution Strategy
Status: ✅ Completed

We successfully negotiated a new IRS installment agreement on your behalf. The approved payment arrangement established monthly payments of $1,500 beginning February 28, based on an outstanding IRS balance of $86,541. We also discussed the IRS’s willingness to waive filing a federal tax lien if an $11,000 payment could be made promptly. In addition, we reviewed the importance of keeping future tax returns timely filed and minimizing future tax balances to protect your installment agreement.

**For the state, a payment plan was set up for CA tax balance and presented to you. We asked you to confirm whether your previously discussed California tax balances have been paid or whether additional action is still required. 

Goal: Strengthen Future Tax Planning
Status: ✅ Completed

We discussed planning for your 2024 and 2025 estimated tax payments and reviewed the importance of budgeting for future tax obligations. We also followed up regarding previously discussed California tax balances to confirm whether those obligations had already been resolved.

Goal: Prepare Payroll for the New Year
Status: ✅ Completed

We confirmed that no payroll would be processed during January and established your payroll settings for future payroll processing. We reviewed your projected annual compensation, prepared a W-2 preview for planning purposes, and evaluated your withholding elections. After review, we confirmed your withholding configuration would support future payroll processing once payroll resumes later in the year.

Goal: Complete Annual Compliance Requirements
Status: ✅ Completed

We completed your 2025 Accountable Plan, including mileage tracking through December, and prepared to establish a new workbook for your 2026 accountable plan. We also completed your 2025 Form 1099-NEC filings, confirmed IRS acceptance, uploaded copies to your secure client portal, and began monitoring for final state filing confirmations.

Additional Items Completed
Status: ✅ Completed

We coordinated multiple year-end administrative activities, including establishing your 2026 Accountable Plan workflow, organizing supporting documentation, and confirming your annual compliance records were available through your secure client portal.

By the end of January, you entered the new year with your year-end bookkeeping completed, annual financial reporting delivered, payroll planning established, and key compliance requirements substantially completed. Just as importantly, you secured a manageable IRS payment arrangement that reduced immediate collection risk while creating a structured plan for resolving your outstanding federal tax obligations. Completing these foundational activities positioned your business to move into 2026 with stronger financial organization and a clearer plan for both compliance and long-term financial management.

This month moved your overall goal forward by completing the financial and compliance work needed to begin 2026 on solid footing while establishing a structured plan to manage your tax obligations and support future financial stability.

Pending Item Status Key

✅ Completed — The materials clearly show the item was completed within this month’s notes.

🔶 Partially Completed — The materials show meaningful progress within this month’s notes, but not full completion.

⚠️ Still Open — The current month’s notes do not show the item was completed.

Pending Items for Us

  • ⚠️ Still Open —Create and share your new 2026 Accountable Plan workbook through the shared drive. This has been delayed due to other, more urgent issues that arose with your account. 

Pending Items for You and Your Team

  • ⚠️Still Open — Continue budgeting for future tax payments to help maintain compliance with your new IRS installment agreement.
  • ⚠️ Still Open —Notify our team when you are ready to resume payroll processing later in the year so payroll can begin using your updated withholding configuration.
Your Goals and Concerns​

During February, your focus was on creating a realistic financial plan for 2026 while addressing several significant business and tax challenges. Your primary goals and concerns included:

  • You wanted to establish a sustainable 2026 operating budget that reflected current market conditions and protected cash flow.
  • You needed to reduce operating expenses, particularly your Cortex software costs and advertising expenses, to improve profitability.
  • You wanted to address your outstanding IRS and California tax liabilities while developing a manageable repayment strategy.
  • You needed a long-term retirement planning strategy that balanced tax savings with current cash flow constraints.
  • You wanted to better understand your operating expenses and identify opportunities to reduce unnecessary spending.
  • You wanted to preserve business stability despite revenue volatility caused by government audits affecting your clients.
  • You needed assistance negotiating with Cortex after maintaining a long-term relationship that had become increasingly expensive.

Goal: Develop Your 2026 Operating Budget
Status: ✅ Completed

We met with you to develop your 2026 budget and established a realistic revenue target of approximately $950,000 based on current industry conditions and historical performance. Rather than budgeting for aggressive growth, we developed a conservative plan designed to strengthen cash flow while recognizing the revenue interruptions caused by government audits affecting your clients. We also identified key areas where expense reductions could improve profitability without negatively impacting operations.

Goal: Identify Cost Reduction Opportunities
Status: ✅ Completed

Together we evaluated your largest operating expenses and developed a cost reduction strategy focused on improving cash flow. We identified Cortex software, advertising, office expenses, and travel expenses as the primary areas for review. We also adjusted the advertising strategy to eliminate ineffective marketing spend while maintaining website support and relying primarily on client referrals for future business development.

Goal: Develop a Tax Debt Reduction Strategy
Status: ✅ Completed

We reviewed your outstanding IRS and California tax obligations and developed a phased repayment strategy. This included maintaining an IRS payment arrangement to reduce collection risk, planning a future lump-sum payment toward older tax balances, and identifying the need to establish a payment arrangement for your California tax debt. These discussions were incorporated into your overall cash flow planning for 2026.

Goal: Begin Cortex Software Cost Negotiations
Status: ✅ Substantially Completed

We initiated planning for negotiations with Cortex to reduce one of your largest operating expenses. We reviewed your approximately 15-year relationship with the company, recognized the significant historical payments made over that period, and developed a negotiation strategy intended to leverage that long-standing relationship. Danielle also introduced Randy to Ani at Cortex and confirmed he could begin direct discussions regarding pricing.

Goal: Strengthen Long-Term Financial Planning
Status: ✅ Completed

We incorporated retirement planning into your 2026 budget by adding a planned SEP contribution based on your current compensation. We also identified the need to schedule a financial planning meeting later in the year to evaluate additional retirement strategies, including whether a Cash Balance Plan may become appropriate as the business continues to grow.

Additional Items Completed
Status: ✅ Completed

We assigned responsibilities across our advisory team to implement your 2026 action plan, including budget revisions, expense analysis, Cortex payment history research, tax debt follow-up, and retirement planning reminders. Calendar reminders and project management tasks were established to help ensure key initiatives would continue moving forward after the meeting.

During February, we shifted the focus from simply maintaining your accounting records to proactively managing the financial direction of your business. Together, we developed a realistic operating plan designed to improve cash flow, reduce unnecessary expenses, address outstanding tax liabilities, and begin strengthening your long-term financial position. By establishing a conservative budget and prioritizing your largest financial challenges, we created a practical roadmap that balanced business stability with future growth opportunities.

This month moved your overall goal forward by establishing a comprehensive financial strategy that integrated budgeting, expense reduction, tax planning, and long-term retirement planning into a coordinated plan for 2026.

Pending Item Status Key

✅ Completed — The materials clearly show the item was completed within this month’s notes.

🔶 Partially Completed — The materials show meaningful progress within this month’s notes, but not full completion.

⚠️ Still Open — The current month’s notes do not show the item was completed.

 

Pending Items for Us

  • ✅ Completed — Begin negotiations with Cortex to pursue reduced software pricing.
  • ✅ Completed —Compile approximately 15 years of Cortex payment history from QuickBooks to support the negotiation strategy.
  • ⚠️ Still Open —Revise the 2026 operating budget using the agreed revenue assumptions and expense adjustments.
  • ⚠️ Still Open —Obtain detailed breakdowns of office and travel expenses to identify additional cost reduction opportunities.
  • ✅ Completed —Contact the California Franchise Tax Board to establish a payment arrangement for your outstanding California tax balance.
  • ✅ Completed —File your 2025 tax extension.
  • ⚠️ Still Open —Schedule your financial advisor meeting for later in 2026 to review retirement planning options.

 

Pending Items for You and Your Team

  • ⚠️ Still Open — Review the revised 2026 operating budget after all updates have been incorporated.
  • ⚠️ Still Open —Make the planned IRS lump-sum payment when cash flow permits according to the repayment strategy discussed during the budget meeting.
  • ⚠️ Still Open —Continue monitoring business revenue as industry conditions develop throughout 2026.
  • ✅ Completed —Participate in the upcoming Cortex pricing discussions if additional client input becomes necessary during negotiations.
Your Goals and Concerns​

During March, your focus shifted toward protecting your cash flow while continuing to stabilize your tax situation. Your primary goals and concerns included:

  • You needed immediate assistance after receiving a California bank levy notice and wanted to understand whether the state had attempted to levy approximately $40,000 from your personal bank account.
  • You wanted to ensure your California tax issues were brought under control through a manageable payment arrangement.
  • You wanted to protect your cash flow while continuing to reduce outstanding tax debt.
  • You needed guidance on how to budget future tax payments as new client revenue began coming into the business.
  • You wanted to continue monitoring payroll while preserving cash flow until you were ready to resume regular payroll processing.
  • You needed bookkeeping to remain current as your financial reporting continued throughout the year.

Goal: Resolve Your California Collection Action
Status: ✅ Completed

After you notified us about the California bank levy notice, we immediately contacted the California taxing authorities. We confirmed that California released the Bank of America levy after our communication, allowing your funds to be restored to your account. We also established a California payment plan of $1,600 per month, with withdrawals expected to begin approximately two to three months later.

Goal: Develop a Long-Term Tax Payment Strategy
Status: ✅ Completed

We evaluated your overall tax obligations and recommended using revenue generated from new client accounts to accelerate repayment of your tax debt. We outlined a long-term strategy of budgeting approximately $7,000 to $10,000 per month beginning later in the year to cover installment payments, estimated tax payments, and additional lump-sum payments as cash flow allows.

Goal: Continue Payroll Planning
Status: ✅ Substantially Completed

We reached out before monthly payroll processing to confirm whether payroll should be run for March. After discussing your current cash flow, you elected to postpone payroll for another month. We also provided you with the projected payroll amounts, including estimated gross wages, net pay, and payroll taxes, so you would have accurate information available when payroll resumes.

Goal: Maintain Current Bookkeeping
Status: ✅ Completed

We completed your March bookkeeping to maintain accurate financial records and support your ongoing financial reporting and advisory services.

Additional Items Completed
Status: ✅ Completed

We documented your tax resolution communications within our internal case management system to ensure your California tax resolution work remained coordinated with your broader tax planning and advisory engagement.

During March, we successfully prevented your California collection matter from creating a larger financial disruption by helping release the bank levy and establishing a formal California payment arrangement. At the same time, we developed a realistic long-term repayment strategy designed to reduce your overall tax burden as business revenues improve, while preserving cash flow by postponing payroll until you are ready to resume regular compensation.

This month moved your overall goal forward by stabilizing your California tax situation, protecting your available cash, and creating a structured repayment strategy that supports both your business operations and long-term financial recovery.

Pending Item Status Key

✅ Completed — The materials clearly show the item was completed within this month’s notes.

🔶 Partially Completed — The materials show meaningful progress within this month’s notes, but not full completion.

⚠️ Still Open — The current month’s notes do not show the item was completed.

 

 

Pending Items for Us

  • ✅ Completed — Monitor implementation of the California payment plan and confirm the first automatic withdrawal begins as expected.
  • ✅ Completed — Continue coordinating your broader tax resolution strategy alongside the new California installment agreement.
  • ✅ Completed — Continue monthly bookkeeping and financial reporting.
  • ⚠️ Still Open —Continue monitoring cash flow to determine when regular payroll should resume.

 

 

Pending Items for You and Your Team

  • ⚠️ Still Open —Continue budgeting for approximately $7,000 to $10,000 per month beginning later in the year to support tax repayment, estimated tax payments, and additional lump-sum tax reductions.
  • ⚠️ Still Open —Notify our team when you are ready to restart monthly payroll processing.
  • ⚠️ Still Open —Continue monitoring new client revenue so additional cash flow can be applied toward reducing outstanding tax liabilities.
April
Your Goals and Concerns​

During April, your focus shifted toward maintaining timely financial reporting while ensuring your financial information remained useful for strategic decision-making. Your primary goals and concerns included:

  • You wanted your monthly financial reporting brought up to date after experiencing delays in report delivery.
  • You needed to review your first-quarter financial performance and evaluate how your business was tracking against your 2026 operating plan.
  • You wanted continued visibility into your revenue, expenses, and overall financial position so you could make informed business decisions.
  • You needed ongoing support implementing the financial strategy established during your February planning meeting.
  • You wanted to continue monitoring cash flow while balancing operating expenses and outstanding tax obligations.

Goal: Complete and Deliver Monthly Financial Reporting
Status: ✅ Completed

We finalized your February 2026 financial reports and delivered them for your review. Although there was a delay in completing the reports, we communicated the status throughout the process and continued working to bring your financial reporting current.

Goal: Complete First Quarter Financial Reporting
Status: ✅ Completed

We completed your first-quarter financial reporting package, including March financial information, providing a complete financial picture of your business through the end of Q1. This established a solid foundation for evaluating business performance against your 2026 financial objectives.

Goal: Prepare for a Quarterly Financial Review
Status: ✅ Substantially Completed

After delivering your Q1 financial reports, we reached out to schedule a financial review meeting to discuss your results, answer questions, review performance trends, and identify any adjustments needed for the remainder of the year. While the meeting was initiated, the available records do not confirm that it occurred during April.

Additional Items Completed
Status: ✅ Completed

We continued monitoring your financial reporting process to ensure monthly reporting remained on track and maintained communication regarding report delivery and scheduling. Internal coordination continued to support timely preparation of your financial information and client advisory services.

By the end of April, your financial reporting had been brought substantially up to date, giving you current financial information to support management decisions. Completing your first-quarter reporting created a meaningful checkpoint for evaluating business performance, monitoring cash flow, and preparing for a strategic review of your financial results.

This month moved your overall goal forward by providing complete first-quarter financial reporting and positioning you to evaluate your 2026 financial performance against the operating plan established earlier in the year.

Pending Item Status Key

✅ Completed — The materials clearly show the item was completed within this month’s notes.

🔶 Partially Completed — The materials show meaningful progress within this month’s notes, but not full completion.

⚠️ Still Open — The current month’s notes do not show the item was completed.

 

Pending Items for Us

  • 🔶 Partially Completed —Schedule and complete your Q1 financial review meeting to discuss first-quarter results and recommendations.
  • ⚠️ Still Open —Continue preparing and delivering monthly financial reports on a timely basis.
  • ⚠️ Still Open —Continue monitoring your financial performance against the 2026 operating budget established earlier in the year.
  • ⚠️ Still Open —Continue providing ongoing CFO advisory support as business conditions evolve throughout 2026.

 

Pending Items for You and Your Team

  • ⚠️ Still Open —Participate in the Q1 financial review meeting to discuss business performance, cash flow, and any recommended operational adjustments.
  • ⚠️ Still Open —Review your first-quarter financial reports and identify any questions or business concerns to address during the financial review meeting.
Your Goals and Concerns​

During May, your focus centered on maintaining timely financial reporting while ensuring your accounting systems continued to support accurate bookkeeping. Your primary goals and concerns included:

  • You wanted your monthly financial reports completed and delivered with meaningful financial analysis and performance metrics.
  • You needed your financial reporting to include KPI measurements that would provide additional insight into business performance.
  • You wanted to maintain current bookkeeping despite emerging QuickBooks access and bank connection issues.
  • You needed assistance restoring access to your QuickBooks Online account after multiple bank and credit card connections became disconnected.
  • You wanted to continue reviewing your financial performance and schedule ongoing advisory discussions around your monthly results.
  • You wanted to continue receiving the enhanced advisory experience being developed for top-tier clients.

Goal: Complete and Deliver Monthly Financial Reporting
Status: ✅ Substantially Completed

We prepared your April 2026 monthly financial reports and completed our internal quality review before client delivery. During Randy’s review, he confirmed the reports were well prepared and requested only one enhancement before final delivery—adding KPI metrics to strengthen the financial analysis and provide additional performance insight.

Goal: Improve Financial Reporting with KPI Metrics
Status: ✅ Substantially Completed

We identified the need to incorporate KPI reporting into your monthly financial package to provide more meaningful performance measurements alongside your financial statements. This enhancement was incorporated into the report review process before client delivery.

Goal: Continue Monthly Bookkeeping
Status: ✅ Substantially Completed

We continued maintaining your bookkeeping while identifying an issue affecting your QuickBooks Online account. During the month, we determined that several bank and credit card accounts had become disconnected, preventing completion of May bookkeeping until account access and bank connections could be restored.

Goal: Resolve QuickBooks Access Issues
Status: ✅ Substantially Completed

We investigated your QuickBooks Online login issues, identified the email address associated with the account, and coordinated internally to help restore access. We also determined that several American Express and Capital One accounts required reconnection before bookkeeping could continue.

Goal: Continue Strategic Financial Advisory Services
Status: ✅ Substantially Completed

We continued preparing for ongoing financial review meetings and included you among our top-tier clients selected to receive our enhanced client dashboard experience and introduction to additional advisory resources as part of our expanded service model.

Additional Items Completed
Status: ✅ Completed

We completed multiple internal reviews of your monthly reporting, coordinated quality control before report delivery, and continued improving the consistency of our monthly reporting process. Your account remained part of our enhanced client advisory program as we prepared to introduce additional strategic support resources.

During May, we strengthened the quality of your monthly financial reporting while identifying and beginning to resolve the operational issues preventing bookkeeping from remaining fully current. By improving your reporting process, enhancing KPI analysis, and proactively addressing QuickBooks connectivity issues, we positioned your financial reporting to remain both accurate and more valuable for business decision-making once system access is restored.

This month moved your overall goal forward by improving the quality of your financial reporting while proactively identifying and addressing system issues before they created larger bookkeeping and reporting problems.

Pending Item Status Key

✅ Completed — The materials clearly show the item was completed within this month’s notes.

🔶 Partially Completed — The materials show meaningful progress within this month’s notes, but not full completion.

⚠️ Still Open — The current month’s notes do not show the item was completed.

Pending Items for Us

  • ✅ Completed —  Finalize and deliver your April monthly financial reports after confirming KPI metrics have been incorporated.
  • ⚠️ Still Open — Restore full QuickBooks Online access and reconnect the disconnected American Express and Capital One accounts.
  • ⚠️ Still Open — Complete May bookkeeping once QuickBooks access and bank connections have been restored.
  • ⚠️ Still Open — Schedule your financial review meeting to discuss your monthly financial results and overall business performance.
  • ⚠️ Still Open — Continue monitoring monthly financial reporting to ensure future reports are delivered on schedule.


Pending Items for You and Your Team

  • ⚠️ Still Open — Assist with restoring QuickBooks Online access if additional login credentials or account verification information are required.
  • ⚠️ Still Open — Participate in your upcoming financial review meeting after your updated monthly financial reports have been delivered.
Your Goals and Concerns​

During June, your priorities shifted from routine bookkeeping and financial reporting to protecting your business and resolving mounting tax issues. Your primary goals and concerns included:

  • You needed immediate guidance on your federal and California tax debt and wanted to understand your available resolution options before engaging another tax resolution company.
  • You wanted to stabilize your cash flow and preserve your business while addressing significant tax liabilities.
  • You needed to move forward with a tax resolution strategy that could reduce collection pressure and improve your financial position.
  • You needed to determine the best path forward after learning that your outstanding 2025 tax return and updated financial information could significantly impact your tax resolution options.
  • You needed your outstanding tax returns prepared so they could be incorporated into your overall tax resolution strategy.
  • You needed continued monthly bookkeeping while resolving ongoing QuickBooks access issues that prevented completion of your May bookkeeping.
  • You wanted to continue receiving monthly financial reporting and review your business performance.
  • You needed assistance regaining access to your QuickBooks Online account after discovering that the login credentials were no longer accessible.
  • You wanted clarity regarding your IRS and California balances and the status of existing payment arrangements.

Goal: Develop and Begin a Comprehensive Tax Resolution Strategy
Status: ✅ Substantially Completed

We gathered your current federal and California tax balance information, confirmed your existing installment arrangements, reviewed your financial situation, and developed a strategy centered on pursuing Currently Not Collectible (CNC) status due to financial hardship. We also outlined the longer-term plan of evaluating an Offer in Compromise (OIC) after all outstanding returns have been filed and processed. Throughout the month, we coordinated internally to prioritize your case because of the financial challenges affecting your business.

Goal: Begin Federal and California Tax Resolution Work
Status: ✅ Substantially Completed

We obtained signed Powers of Attorney, collected an updated financial survey, obtained an updated Form 433-A, communicated directly with the IRS regarding your financial hardship, and initiated the CNC request process. IRS representatives advised that you appeared to qualify for Currently Not Collectible status pending managerial review. We also coordinated California tax resolution efforts and confirmed your California installment agreement.

Goal: Reduce Immediate Collection Pressure
Status: ✅ Substantially Completed

We successfully worked with the IRS to stop your scheduled June 28 payment of approximately $2,150 while your CNC request was under review. The IRS also granted additional time to provide supporting financial documentation requested for management review, helping preserve cash flow while your case progressed.

Goal: Advance Preparation of Your Outstanding Tax Returns
Status: ✅ Substantially Completed

We initiated preparation of your outstanding tax returns by sending your tax questionnaire, reviewing your completed responses, requesting supporting documentation through our secure portal, and identifying the remaining information needed before preparation could begin. Later in the month, after additional discussions with the IRS, we confirmed that completing your 2025 tax return became a critical next step before pursuing a final tax resolution strategy so any resulting 2025 balance could be included in a comprehensive resolution. Your tax preparation folder was assigned to the tax team so preparation could begin as soon as the remaining information is received.

Goal: Reevaluate Your IRS Resolution Strategy
Status: ✅ Substantially Completed

As additional information became available during June, our Tax Resolution Team conducted a further review of your case. After speaking directly with the IRS, we learned that the financial information previously submitted would need to be updated because the income reported differed substantially from the IRS records already on file. We also confirmed that your current financial survey completed earlier in June remains available and will serve as the foundation for updating any remaining information needed before moving forward with your long-term resolution strategy.

Goal: Continue Monthly Financial Reporting
Status: ✅ Completed

Your April financial reports were finalized and delivered. We also invited you to schedule a financial review meeting to discuss the reports, answer questions, review first-quarter performance, and discuss priorities moving into the remainder of the year.

Goal: Maintain Monthly Bookkeeping
Status: ✅ Substantially Completed

Bookkeeping remained current through April. We continued working to regain access to your QuickBooks account after multiple credit card feeds disconnected, identified the email associated with the QuickBooks account, worked with QuickBooks Support, and continued troubleshooting the login issue. Because access remained unavailable, May bookkeeping could not yet be completed.

Additional Items Completed
Status: ✅ Completed

We introduced additional members of your Tax Resolution Team, coordinated internal case transfers to ensure your engagement continued moving forward without interruption, reviewed new IRS correspondence received during June, confirmed that no immediate action was required on the June IRS notices while alternative resolution options remained available, and arranged a temporary bookkeeping fee reduction of $250 per month for July through September to help support your business during this period of financial hardship.

During June, your engagement transitioned from primarily monthly accounting support into an active tax resolution engagement focused on protecting your business. We established a coordinated strategy addressing your IRS and California tax liabilities while continuing routine accounting services where possible. Significant progress was made toward obtaining Currently Not Collectible status, reducing immediate collection pressure, organizing tax return preparation, and positioning your case for possible future Offer in Compromise consideration.

As the month progressed, additional IRS discussions clarified that completing your 2025 tax return and updating your financial information must occur before your final tax resolution strategy can move forward. Identifying these requirements now allows your eventual resolution to include all eligible tax years and helps avoid pursuing a resolution based on incomplete information.

This month moved your overall goal forward by transitioning your engagement from reacting to tax problems into a coordinated long-term resolution strategy that combines tax preparation, financial updates, IRS negotiations, and future settlement planning to improve your chances of achieving a lasting resolution while protecting your business.

Pending Item Status Key

✅ Completed — The materials clearly show the item was completed within this month’s notes.

🔶 Partially Completed — The materials show meaningful progress within this month’s notes, but not full completion.

⚠️ Still Open — The current month’s notes do not show the item was completed.

 

 

Pending Items for Us

  • ⚠️ Still Open —Continue working with QuickBooks to restore full account access so May bookkeeping can be completed.
  • ⚠️ Still Open —Complete May bookkeeping after QuickBooks access and bank connections have been restored.
  • ✅ Completed —Continue the IRS Currently Not Collectible review until final managerial approval is received or an alternative resolution strategy is finalized.
  • ⚠️ Still Open —Continue California tax resolution efforts after the federal resolution strategy progresses.
  • 🔶 Partially Completed —Prepare and file your 2025 tax return so any resulting balance can be included in your overall tax resolution strategy before pursuing an Offer in Compromise.
  • ⚠️ Still Open —Review your financial survey in Canopy and determine what additional income information is still needed to update your IRS financial statement.
  • ⚠️ Still Open —Prepare updated IRS financial information after reconciling differences identified by the IRS between previously submitted financials and prior-year tax return information.
  • ⚠️ Still Open —Coordinate the next phase of your resolution strategy after your 2025 tax return has been completed, including evaluation of an Offer in Compromise.
  • ⚠️ Still Open —Continue monitoring your tax resolution case and coordinate ongoing communication with the IRS and California taxing authorities.

 

 

Pending Items for You and Your Team

  • ✅ Completed —Upload the remaining tax documents requested for tax return preparation, including charitable contribution totals, Form 1095-A (if applicable), any additional W-2s, rental activity information, retirement income documents, and any other requested supporting documentation.
  • ✅ Completed —Complete your June financial survey.
  • ⚠️ Still Open — Provide the last three months of personal bank statements requested by the IRS.
  • ⚠️ Still Open — Provide the last three months of business bank statements requested by the IRS.
  • ⚠️ Continue working with our team to regain access to your QuickBooks Online account.
  • ⚠️ Still Open — Provide May Capital One and American Express statements so May bookkeeping can be completed while QuickBooks access issues are being resolved.
  • ⚠️ Still Open —Continue responding promptly to requests for tax preparation and tax resolution documentation as your case progresses.
July
October
Progress:
Executive Rhythm Plan 50%

Prepared by Seven Figure Profits™