About PARS Financial
Who We Are And What We Do…
Years in the Business
At PARS Financial, we’ve been helping small business owners out of a tax pickle for more than 40 years. We want to be known as the first tax specialist company that is called to protect your assets when you are fearful of losing everything you’ve worked so hard to build.
Unlike most financial service corporations that try to offer many different services, Pars Financial is a specialist in tax emergencies and tax planning. Our clients appreciate that we stand for something and not everything.
Founder & CEO
Iran, the place of my birth, was a progressive and culturally tolerant place during my youth and early professional career. I was drawn to quantitative accounting- a discipline of analysis and accounting that I honed while working in the Iranian petroleum boom of the 1970’s. For most professionals, tax accounting is a job. For me, tax accounting became more than a job – a calling. What other tax professionals hated – the attention to detail and forensic skills to manage complex financial and tax solutions of millions of dollars – I loved!
In 1977, change came to the Iran of my youth. A revolutionary fervor began to impact the government and soon began to impact the quality of life of her people. Iran was different and so was I. At this point in my life, I was quickly finding professional success and promotion. My wife and two young children, at the time, did not want for any possession – yet I anticipated how this new cultural revolution would negatively impact my personal and professional freedom. That’s the point in time when I started dreaming about coming to America. I trusted a nephew to share my aspirations and he said, “Mashalla, you will not survive six months in the United States.” His words only motivated me more.
Months later, hard work and determination, and some good luck would pay off – as I would be granted with a temporary visa to travel to the United States. My family and I landed in Dallas, Texas – excited and determined, but not speaking a word of english. I was determined to make these obstacles, opportunities for a better life. College educated in Iran, with little english, I completed a degree in Accounting followed by receiving admission into an Masters of Business Administration (MBA) program. My routine at the time, I’d work from 6 AM to 4 PM and then from 5 PM till 10 PM I attended my classes. My work ethic was strengthened during this time period.
During my first three years in America since leaving Iran, I rarely received more than a few hours of sleep a day – but I persevered. This experience made me even more determined and gave me the desire to start my own financial corporation. After completing my MBA studies in 1980 and being granted citizenship, my dreams of starting my own financial corporation took my family and I to our land of opportunity, San Diego, California. Today, Pars Financial Corporation, represents hard working small business owners that want to build their own business and take care of their family, just as I have done.
Today, my wife Gity (B.A. Interior Architect from SDSU) and I reside in San Diego, California. We are the proud parents of three amazing children:
(SON) Pouya Afshar, MBA, Internal Medicine and Assistant Professor at USC, and Geriatric
(SON) Payam Afshar, MS, Internal Medicine and G.I. at Kaiser Hospital
(DAUGHTER) Kimeya Afshar B.S. from Calpoly , M.S. Health Administration, HR at PINTEREST Co in San Francisco.
Education and Credentials
E.A. (Enrolled to Practice before the Internal Revenue Services).
CTRS (Certified Tax Resolution Specialist)
Michael Reed is an IRS Enrolled Agent with an MBA Accounting and a Master’s Degree in Taxation. Michael lives in San Diego County with my wife and four children. He is an avid runner and nine-time marathon finisher. Michael helps clients navigate both State and Federal tax laws and regulations. I am experienced in representing Tax Payers before the Internal Revenue Service and the California Franchise Tax Board (FTB), the State of California Employment Development Department (EDD), the California Department of Tax and Fee Administration (CDTFA).
Some of Michael’s designations include:
- Vice President of the BNI Referral Revolution chapter in Escondido, CA.
- A member of the California Society of Enrolled Agents
- A member of the American Society for Tax Problem Solvers
What is an Enrolled Agent?
Enrolled Agents are tax professionals licensed to represent taxpayers before the IRS. The Enrolled Agent designation dates back to 1884. Many taxpayers were victimized by unscrupulous representatives when claiming losses in post Civil War days. Congress recognized a need to regulate individuals representing citizens dealing with the Treasury Department and created the Enrolled Agent status. President Chester Arthur signed a Congressional enabling act creating the Enrolled Agent credential. Today, Enrolled Agents assist taxpayers before the Internal Revenue Service, an instrumentality of the Treasury Department in a number of ways:
- They prepare tax returns
- They answer questions regarding tax laws
- They represent taxpayers in disputes with the IRS
Enrolled Agents prepare millions of tax returns annually. They also provide tax assistance for estates, trusts, partnerships, corporations and other entities that are required to report taxes. “Enrolled” refers to the fact that the federal government licenses these professionals. They are “Agents” in that they are authorized to appear in place of a taxpayer before the IRS. Enrolled Agents differ from other tax practitioners in a number of ways:
- They are required to demonstrate their competence in tax matters before they represent a taxpayer before the IRS.
- They all specialize in taxation
- They receive their authority from the federal government instead of state governments.
- Enrolled Agents must complete 72 hours of continuing professional education every three years to maintain their status.
Attorneys and Certified Public Accountants have state, not federal, licenses which limit where they can practice in the U.S. Unlike Enrolled Agents, they don’t always specialize in taxes.
If you live and work in San Diego, why would you not have a local tax specialist? Contact us today so we can assist you with all of your financial needs.
8736 Production Ave. Suite B, San Diego, CA 92121
M-F: 8:30 am - 5:00 pm, Sat: by appointment only