Tax Preparation
Preparing your own income tax return can leave you with more questions than answers. Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing. Keeping up with complex rules and regulations, crunching numbers, and looking through financial records and receipts can be a big drain on your time, energy, and sanity. It is just too easy to overlook deductions and credits that you are entitled to. Even if you use a computer program there’s no substitute for the assistance of a New York CPA or a NY tax accountant. We have the expertise in Income Tax Preparation that comes with years of experience. I&U CPA provides individual and business tax preparation services all year round and is a trusted provider in Manhattan, New York.
Tax Preparation expertise you can count on:
- Your tax return will be checked and rechecked by our CPAs identifying potential problems the IRS may look at more closely and reviewing the math to limit IRS contacts.
- Your tax return will be filed electronically so you will get your tax refund quicker.
- We will show you how to adjust your payroll withholding to get more money back each week. Why give IRS an interest free loan for a year.
- We will show you potential tax deductions to minimize your tax liability. In addition, we will give you a Tax Analysis report with a Personalized Tax Advise to show you where you are and what to look for next year.
Sole Proprietors and Single Member LLCs: Schedule C, Schedule E Filers
Running your own business doesn’t mean you have to do everything. We know your business and will do the hard work for you. If you own a small business and haven’t kept up your bookkeeping, don’t worry. We can help you. We’ll prepare your bookkeeping for the year, prepare a full Schedule C, as well as your personal income tax return. Then we’ll help you set up an easy system that allows you to keep your books in good shape next year.
You will benefit from:
- Tax deductions and credits for your business
- Income and expense record keeping guidance
- Tax guidance for employees and contractors
- Project and plan for quarterly and year-end taxes
Corporations, Professional Corporations, S-Corporations, Partnerships, and Multi-Member LLCs: 1120, 1120-F, 1120S, 1065 Filers
Our CPAs can help you navigate the unique tax requirements that come along with running a business. By asking the right questions and understanding your business needs, our tax accountants and CPAs are able to gather the information needed to not only properly prepare tax returns, but help design strategies to minimize your taxes. We know it is critical for you, a business owner, to have a roadmap showing your current business and where it is heading. With over 10 years of experience organizing and implementing tax strategies for businesses, our CPAs are what you need.
I&U CPA provides tax services to corporations, partnerships, and LLCs all year round, not just during tax season. We pride ourselves on the success of our clients and the solid relationships we establish with them.
2023 Tax Preparation Minimum Fees:
- 1040 with NY: $500+
- 1040 Schedule C: $1,600+
- 1120, 1120-F with NY & NYC: $2,500+
- 1120S, 1065 with NY & NYC: $2,500+ (add $225 for each partner above two)
- FBAR-FinCEN Form 114: $300+
- 3520 Transactions with Foreign Trusts: $400+
- 5471 Controlled Foreign Corporations: $3,500+
- 5472 Foreign-owned Corporations: $1,500+
- 8865 Foreign Partnerships: $2,500+
- 990, 990-T with NY: $1,200+
- 1041 with NY: $2,500+
- 706 with NY: $3,000+
- 709 Gift Tax Return: $300+
- Amended Tax Returns: Same as above
- Extension Filings: $75 per jurisdiction
- Sales & Use Tax Compliance: Request a quote
- Property Tax Compliance: Request a quote
I&U CPA is an Authorized IRS e-file Provider as listed in IRS online database. If you’d like to receive more information about our Tax Preparation services, please complete the form below.