Business Details
30 Years
experience
Trusted Tax and Accounting Services in Homewood, IL
Fedele and Associates was founded in 1996 by Michael S. Fedele, a Certified Public Accountant with over 40 years of experience in accounting, taxation, and financial strategy. Our firm specializes in resolving complex tax issues, including IRS debt reduction, penalty abatement, and unfiled tax returns, while providing comprehensive accounting services for individuals and businesses across industries such as construction, healthcare, and real estate. With a 90% success rate in Offer-In-Compromise cases compared to the national average of 33%, we deliver proven results through personalized strategies tailored to each client's unique needs. Our team combines deep technical expertise with a commitment to client care, treating every individual and business as a valued partner. We offer services ranging from financial planning and fraud investigation to business startup support and audit preparation, ensuring clients achieve long-term financial stability.Our founder's background includes roles as a former vice president of finance, controller for construction firms, and auditor with global CPA firms, which informs our approach to solving even the most challenging financial cases. Clients consistently praise our ability to transform tax liabilities into refunds, with success stories highlighting savings exceeding $125,000. We prioritize transparency, integrity, and accessibility, offering ongoing support to help clients navigate tax and financial challenges with confidence. Our practice extends beyond traditional accounting through educational initiatives, including teaching accounting at Purdue University and public speaking on financial matters. This combination of experience, expertise, and client-centric service establishes Fedele and Associates as a trusted leader in tax and accounting solutions.
Services
Tax Debt Resolution
IRS Penalty Abatement
Business Tax Services
Financial Planning
Offer-In-Compromise
Audit Preparation
Unfiled Tax Returns
Fraud Investigation
Payroll Management
Business Certification
Details
- Year established: 1996
Highlights and features
- We offer 40+ years of combined experience in tax and accounting services.
- Our team treats clients like family with personalized, compassionate support.
- We maintain a 90% success rate in Offer-In-Compromise cases.
- Our founder is a former auditor with global CPA firms.
- We provide ongoing financial education and strategic guidance.
Associations and certifications
- CPA (Certified Public Accountant)
What people say
Saved me tons of money
Exceptional service
Treated like family
IRS owed me instead
Stress-free tax season
Services
Tax Debt Resolution
Our Tax Debt Resolution service specializes in reducing and eliminating IRS liabilities through proven strategies. With a 90% success rate in Offer-In-Compromise cases, we negotiate with the IRS to minimize your tax burden. Clients have saved over $125,000 through our expert intervention, transforming debt situations into refunds.
Financial Planning
We develop customized financial plans to maximize wealth growth and minimize tax liabilities. Our approach combines tax optimization with long-term investment strategies, leveraging 40+ years of experience to address both personal and business financial needs effectively.
Business Tax Services
Our Business Tax Services cover payroll management, financial statements, and audit preparation for companies of all sizes. We specialize in industry-specific solutions for construction, healthcare, and retail sectors, ensuring compliance while optimizing tax benefits.
IRS Penalty Abatement
We help clients reduce or eliminate IRS penalties through strategic interventions. Our team leverages deep knowledge of tax codes to challenge unjustified penalties, with numerous cases achieving full abatement while maintaining compliance.
Offer-In-Compromise
Our Offer-In-Compromise service negotiates reduced tax settlements with the IRS. With a success rate three times the national average, we create compelling cases to settle debts for less than owed, providing financial relief to struggling taxpayers.
People
Michael S. Fedele
Founder & CPA
Michael S. Fedele is a Certified Public Accountant with 40+ years of experience, including roles at Ernst & Young and PricewaterhouseCoopers. He founded Fedele and Associates in 1996 to provide personalized tax solutions, combining corporate expertise with client-focused service.
Questions
What tax debt solutions do you offer?
We specialize in IRS debt reduction through Offer-In-Compromise, penalty abatement, and unfiled tax return resolution with a 90% success rate in negotiated settlements.
Do you handle business tax issues?
Yes, we provide comprehensive business tax services including payroll management, financial statements, audit preparation, and industry-specific accounting solutions for construction, healthcare, and retail sectors.
How can you help with IRS penalties?
Our team challenges unjustified IRS penalties using tax code expertise, achieving full or partial abatement in numerous cases while maintaining compliance.
What sets you apart from other accountants?
With 40+ years of experience and a 90% OIC success rate, we combine corporate expertise with personalized service, treating clients like family while delivering proven financial results.
Do you offer ongoing financial support?
Yes, we provide periodic accounting services and financial planning to help clients maintain compliance and optimize tax strategies throughout the year.
Reviews (5)
Lauren Cron
Jun 03, 2022
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100% recommend! Mike fixed all our tax issues and was even able to fix a tax return from a few years ago that H&R block royally screwed up! Thoughout the year I have had to call the office to get info and tax related advice and have always gotten a prompt and helpful answer. Everyone NEEDS a great CPA.
Joel Bullock
May 05, 2022
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They know everything when it comes to taxes! The two young women at the front desk have always been very patient with me, helpful in answering any questions and give great advice! I'd highly recommend Fedele & Associates to anyone with tax needs!
Lorie Westerfield
Apr 16, 2022
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Fedele & Associates is phenomenal! Mike is accessible and knowledgeable on taxes for individuals and businesses. Moreover, his strategic approach to filing my taxes ultimately saved me potential penalties. I highly recommend Fedele & Associates for all tax preparation and related services.
Nick C.
Apr 12, 2022
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Fedele and Associates have consistently provided expert tax and financial advice that has saved me over a million dollars in taxes and penalties.
Bernard Burkley
Apr 05, 2022
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Mike answered all of my questions he was very informative and I definitely will be back next tax year to do business with him.
