NYC based accounting firm serving individuals and small businesses in New York
Prior year tax preparation in new york
NY Accounting Firm helps you prepare your late tax returns.
Do you have back taxes that you've been putting off? If so, you're not alone.
Millions of Americans have back taxes. But the longer you wait, the worse it's going to get.
The IRS can charge interest and penalties on unpaid taxes. And if you don't file your taxes, you could face a tax lien, which can make it difficult to get a loan or mortgage.
So what can you do? The best thing to do is to get your back taxes prepared as soon as possible. A tax professional like Gary Mehta, CPA, EA can help you understand your options and file your taxes correctly.
NY Accounting Firm prepares your late tax returns. We can file your back taxes for prior years.
ny's best cpa FIRM for YOUR DELINQUENT TAX PREPARATION NEEDS
What happens if you do not file your outstanding returns?
The stress of tax season can be unbearable if you have back taxes to worry about. The complexities of filing, the mounting interest, and the threat of additional penalties can make filing back taxes a daunting task. Avoiding these penalties means filing your back taxes perfectly, which can be a stressful and overwhelming experience for individuals. Fortunately, Gary Mehta CPA, EA can help you with these difficult filings.
Most taxpayers are required to file tax returns every year, but many people forget or neglect to do so. Failing to file a tax return is a serious issue that can land you in legal trouble with the IRS. If you don't file a return, the IRS will file one for you, and you may lose out on deductions that you are entitled to.
In addition to failing to file a return, back taxes can also accumulate if you fail to pay your tax liability or if you misreport your income. By definition, back taxes are the result of improper filings or taxes that have not been fully paid when they were due.
If you have back taxes, don't wait any longer to get them filed. The sooner you take care of them, the less you will have to pay in interest and penalties. Gary Mehta CPA, EA can help you file your back taxes correctly and avoid the stress of dealing with the IRS.
We are New York's top choice accounting firm for delinquent tax preparation.
NY ACCOUNTANT MAKES BACK TAX PREPARATION EASY AS 1 2 3!
Our Process to handle your back tax prep needs.
Filing back taxes as soon as possible is the best way to avoid further fines and interest. However, the back tax filing process is more complicated than regular filing.
To file back taxes, you will need to:
- Gather all necessary documents, such as W-2s and 1099s, for the years you owe taxes.
- Request or find any missing information or documents.
- Report any additional income that may not be reflected on your past tax documents.
- Download your previous years' tax forms. Back taxes must be filed on the forms for the original year.
Only after you have gathered and organized all of this information can you begin the back tax filing process.
We can help you gather your missing tax documents and organize your deductions in a way that minimizes your tax liability. We have developed checklists to guide you through the process and keep you informed every step of the way
New York's top CPA for back tax preparation of IRS and NY taxes.
late tax returns we can prepare
We provide back tax prep services on the following forms.
- IRS Form 1040 and Schedule C - This is the standard federal income tax form that individuals and businesses use to report their income, deductions, and credits.
- IRS Form 1120 - This is the standard federal income tax form for corporations and Subchapter "S" Corporations.
- IRS Form 1065 - This is the standard federal income tax form for partnerships and limited liability companies (LLCs).
- IRS Form 1099-MISC and 1099-NEC - This form is used to report miscellaneous income, such as payments made to independent contractors.
- IRS Form 940 and 941 - This form is used to report quarterly and annual employment taxes, such as Social Security and Medicare taxes.
- IRS Form 1041 - This is the standard federal income tax form for trusts and estates.
- IRS Form 990 - This is the standard federal income tax form for nonprofits.
- New York State Corporation Tax Return (CT-3) - New York state income tax form for corporations and related schedules.
- New York State Partnership Tax Return (PT-1065) - This is the standard New York state income tax form for partnerships and limited liability companies (LLCs).
- NYS 45 and ST-85 - We can help you prepare NY Payroll and Sales tax returns.
- FBAR/Fincen 114, IRS Form 5472 and other informational returns
Gary Mehta, CPA, EA files delinquent returns for individual, LLCs and Corporation in New York City.
nyc certified public accountant you can count on!
We provide Back Tax Prep Services across New York City and More!
Areas we serve.
Manhattan
Alphabet City, Battery Park, Chelsea, Chinatown, East Harlem, East Village, Financial District, Flatiron, Greenwich Village, Hamilton Heights, Inwood, Kips Bay, Little Italy, Lower East Side, Midtown Manhattan, Lower Manhattan, Tribeca, Hudson Yards and more!
Brooklyn
Greenpoint, Williamsburg, Clinton-Hill, Bed-Stuy, Downtown Brooklyn, Fort Greene, Brooklyn Heights, Dumbo, Cobble Hill, Boerum Hill, Gowanus, Park Slope, Red Hook, Greenwood Heights, Sunset Park, Bay Ridge, Dyker Heights and more!
Queens
Ditmars-Steinway, Astoria, Hunter's Point, LIC, Sunnyside, College Pointe, Flushing, Fresh Meadows, Auburndale, Floral Park, Hollis, Richmond Hill and more!
Staten Island
New Dorp North, Tottenville, Clifton, Prince's Bay and more!
Bronx
Pelham Gardens, Morris Park and more!
NYC Metro
Yonkers, Upstate and Connecticut
NYC based Certified Public Accountant prepares back taxes in Manhattan, Brooklyn, Queens and more.