OUR SERVICES

Individual Tax Preparation

Trying to stay on top of tax laws and regulations each year can be stressful due to the complexity of taxes. It takes time to even determine what information you need, particularly when you include complexity like managing a pass-through entity. Our experts know how to guide you through the tax preparation process by offering the following assistance:

  • Minimize liabilities and maximize deductions
  • Submit taxes on time, meeting IRS and State deadlines
  • Eliminate stress and give you confidence that your finances are in capable hands
  • Answer questions and be a trusted source of information

 

Tax Preparation for Businesses

You’re busy creating new goods and services and making sure your company is operating efficiently as a business owner. You most likely don’t have time to create balance sheets or reconcile your bank account in order to manage your cash flow, let alone research the most recent tax legislation to determine which tax benefits are available to you.

What we do for you is as follows:

  • Federal and State tax preparation and filing
  • Co-op and housing returns
  • Profit and loss statements
  • Entity selection recommendations (S-Corp, C-Corp, LLC)

 

Tax Planning and Strategy

Completing forms at tax time is only one aspect of tax preparation. It also involves comprehending the needs of our clients and assisting them in making plans for a safe future.

This is how we go about it:

  • We ensure that you claim all of the tax credits and deductions you are entitled to on your tax return after carefully examining your tax circumstances.
  • We collaborate with you throughout the year, not just during tax season, to create tax planning techniques that reduce your tax liability.
  • We review and adjust your paycheck withholding so that it accurately reflects your tax situation and lets you keep more of your money.

 

IRS Representation and Audit Support

When you hire us to represent you during an audit, here’s what we do for you:

  • Take care of all audit correspondence
  • Make sure you take the steps needed to minimize your tax liability
  • Handle all discussions with auditors to reduce the risk of additional liability
  • Appeal a decision, if necessary

 

Estate and Trust Tax Services

Our Estate and Trust Tax services include:

  • Gift tax returns and strategies
  • Trust income tax returns
  • Estate tax returns

 

Bookkeeping and Payroll

Learn more about how we can assist you.

 

Who We Serve

At Brooklyn TaxCare, we provide specialized tax services to meet the unique needs of various client groups, including:

SMALL BUSINESS OWNERS

As a small business owner, you face complex tax obligations and opportunities. Our team helps ensure you remain compliant while maximizing deductions and credits specific to your industry. We assist with tax planning, bookkeeping, payroll taxes, and more.

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HOMEOWNERS

Outsourcing investment management allows advisors to delegate the day-to-day tasks of managing investments to professionals. With your investment management and advisory services being delegated to separate professionals, both of these incredibly important elements for your success receive the expertise and attention they require.

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REAL ESTATE INVESTORS

The tax implications of real estate investments can be intricate. Our real estate tax experts help investors like you navigate areas like passive activity rules, depreciation, 1031 exchanges, and reporting requirements for rental income.

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1040NR FOREIGN NATIONALS

For non-resident aliens filing Form 1040NR, tax rules can be complex. Our team is well-versed in areas like effectively connected income, tax treaties, FIRPTA withholding, and more. We ensure your return is accurate and compliant.No matter your situation, Brooklyn TaxCare provides the personalized tax expertise you need. Contact us today to learn how we can maximize your tax position.