Effective tax strategy isn’t about loopholes — it’s about understanding the tax code the way Congress intended and applying it correctly. At Ascension Tax Solutions, our tax strategy consulting is built on nearly 14 years of IRS field experience as a former Revenue Agent and Special Agent, plus 6 years of IRS collections experience from a former Revenue Officer.
We help real estate investors, small business owners, and high-income individuals legally reduce taxes, structure their finances intelligently, and stay fully compliant. Whether you’re planning a real estate acquisition, optimizing a business, or positioning yourself for long-term wealth building, our strategies are tailored, proactive, and grounded in real-world IRS insight.
Real estate is one of the most powerful wealth-building tools in the tax code — but only when the rules are applied correctly. We help clients use strategies that Congress intended: depreciation, cost segregation, short-term rental opportunities, and Real Estate Professional Status (REPS). Most importantly, we guide clients through the material participation and grouping rules that determine whether losses become fully deductible or suspended for years.
Our real estate tax strategy consulting includes:
Strategies for qualifying STR income as non-passive without REP status, maximizing deductions and leveraging accelerated depreciation.
Assessing eligibility, documenting hours, evaluating material participation, and avoiding common audit pitfalls.
Coordinating with engineering specialists and aligning your tax position with real-world facts to legally maximize depreciation.
Evaluating when to group activities under §469 to strengthen non-passive treatment, unlock suspended losses, or align rentals with active business participation.
(We guide the strategy—not just the outcome—so you understand what records must be maintained to defend your position.)
Entity structuring, basis tracking, carryforward strategy, and long-term tax planning for Buy, Rehab, Refinance, Rent, and Repeat (BRRRR).
This approach helps clients reduce taxes legally, protect their position in an audit, and build wealth through intentional, well-documented planning.
Your business structure, income flow, and operational decisions have year-round tax consequences. Our tax strategy consulting ensures you’re maximizing legal opportunities and avoiding mistakes that commonly trigger IRS attention.
We help with:
Entity review and optimization (LLC, Partnership, S Corp, C Corp)
Owner compensation planning
Deduction optimization and substantiation
Home office & business-use-of-vehicle strategy
Safe harbor methods
Retirement contribution timing (in collaboration with your financial advisor)
Year-round planning to avoid surprise liabilities
Our former IRS insight allows us to identify red flags, compliance risks, and opportunity areas that many preparers overlook.
As income streams grow — through rentals, businesses, consulting work, or investments — tax strategy becomes more important. And while Tennessee has no personal income tax, many clients earn income in multiple states or relocate during the year, which adds complexity most taxpayers aren’t aware of.
Clear guidance on tax home, residency vs. domicile, and when income may be sourced to another state—especially for remote workers, multi-state earners, or clients who moved mid-year.
Support for federal strategy involving multiple income types: rentals, STRs, K-1s, consulting income, or business activities. We evaluate how each income stream interacts at the federal level and highlight potential risks or opportunities.
We help you understand how large life decisions—like real estate purchases, establishing STRs, business expansions, or capital gains events—affect your federal tax position. If state-level impacts arise, we help you identify them early to avoid surprises.
When investment or timing-based decisions affect your taxes, we coordinate directly with your financial advisor to ensure your overall strategy stays aligned and compliant.
Our tax strategy consulting focuses on helping you understand your federal obligations, how states interact with those rules, and what steps you can take to stay compliant and avoid unnecessary tax exposure. When your situation involves a state with income tax, we help you identify what applies to you and coordinate strategy so you’re supported every step of the way.
We’re here to assist you with tax services in your area. Our experts are ready to help you navigate tax season with ease. Whether you need assistance with filing, planning, or answering your questions, we’ve got you covered.
We provide comprehensive tax services in Knoxville. Let our knowledgeable team handle your tax needs efficiently.
In Oak Ridge, our experts offer personalized tax solutions tailored to fit your specific situation.
Maryville residents can rely on us for accurate tax preparation and insightful advice.
Serving Gatlinburg, we offer expert tax consulting and filing services to maximize your returns.
For Pigeon Forge, our dedicated team delivers customized tax strategies to help manage your finances effectively.
Sevierville families and businesses get dependable tax support and peace of mind from our experienced preparers.
Farragut clients receive meticulous tax reporting and proactive financial recommendations from our specialized staff.
When dealing with the severity of an IRS collection, you need representation that is experienced, knowledgeable, and compassionate. We understand the emotional toll that tax problems can take, and we are committed to providing a supportive and stress-free experience. Our track record of successfully resolving complex IRS collection cases speaks for itself. We are dedicated to helping you regain control of your financial future.
Whether you’re dealing with an ongoing IRS collection, facing an IRS audit, or simply need help preparing your IRS tax returns correctly to avoid future issues, Ascension Tax Solutions is your trusted resource. Let our tax experts alleviate your burden and guide you towards a clear path to tax resolution. Don’t wait until it’s too late; proactive tax help is your best defense against the IRS.
Dealing with the IRS can be intimidating, especially when facing an IRS collection action. The stress of outstanding tax debt can feel overwhelming, but you don’t have to face it alone. Ascension Tax Solutions is here to provide the expert tax help you need to navigate these challenging waters. Our experience with the IRS provides us with a deep understanding of complex IRS procedures and affords us the ability to find the best resolution for your unique situation.
When the IRS initiates collection efforts, it means they are seeking to recover unpaid taxes. This can manifest in various ways, from persistent letters to more aggressive actions such as wage garnishments, bank levies, or even tax liens. Understanding your rights and options during an IRS collection process is crucial. Ignoring these notices will only exacerbate the problem, potentially leading to more severe penalties and financial hardship. That’s why seeking professional guidance early is so important. If you receive phone calls or letters from the IRS and are suspicious of the origin, we can help. The IRS will not typically call you without sending an official letter first.
Several factors can lead to the IRS pursuing collection actions. Most commonly, it stems from unpaid taxes reported on your IRS tax returns, or from an IRS audit where additional taxes were assessed and not paid. Sometimes, individuals might simply be unaware of a tax liability or misunderstand their obligations. Regardless of the cause, once an IRS collection process begins, it requires immediate and strategic attention.
We will help our clients understand the root cause of their tax issues and develop effective strategies to address them. We’ll meticulously review your financial situation and IRS tax returns to identify all possible avenues for resolution.
An IRS audit can often be a precursor to collection activity if it results in additional tax liabilities. If you’ve received an audit notice or are concerned about a potential IRS collection, we are are adept at representing taxpayers before the IRS. We ensure your rights are protected and that all communications are handled professionally. Our goal is to minimize your tax burden and prevent further escalation.
We understand the specific requirements and deadlines set by the IRS. From negotiating Offer in Compromise agreements to establishing Installment Plans, we will work tirelessly to achieve a favorable outcome. We also assist with innocent spouse relief, penalty abatement, and other tax relief programs designed to help taxpayers facing financial distress. Don’t let the fear of an IRS collection paralyze you; proactive engagement is key.
At Ascension Tax Solutions, we pride ourselves on being more than just tax experts; we are your partners in financial recovery. Our comprehensive tax help services extend beyond simply responding to IRS collection notices. We provide:
Choosing the right tax specialists can make all the difference in resolving your tax issues. We are Enrolled Agents and are federally authorized to represent taxpayers before the IRS, meaning we possess the highest level of technical expertise and ethical standards. We are required to stay up-to-date with the ever-changing tax laws, ensuring you receive the most accurate and effective advice.
When dealing with the severity of an IRS collection, you need representation that is experienced, knowledgeable, and compassionate. We understand the emotional toll that tax problems can take, and we are committed to providing a supportive and stress-free experience. Our track record of successfully resolving complex IRS collection cases speaks for itself. We are dedicated to helping you regain control of your financial future.
Whether you’re dealing with an ongoing IRS collection, facing an IRS audit, or simply need help preparing your IRS tax returns correctly to avoid future issues, Ascension Tax Solutions is your trusted resource. Let our tax experts alleviate your burden and guide you towards a clear path to tax resolution. Don’t wait until it’s too late; proactive tax help is your best defense against the IRS.
