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Tax Services

Tax Services for Businesses and Individuals

Today’s tax laws are complicated.  Whether you’re preparing the return for your business or filing individual taxes, IRS compliance can be overwhelming.  With so many important details to consider, it’s easy to make an error or omit something which could end up as a penalty, fine, or unwanted problem with the IRS.

At Michael C. Allen & Co., CPA's PLLC, we serve both individual and business planning, preparation and filing needs while remaining compliant with the continuously changing tax laws and regulations. We offer comprehensive tax services for upcoming returns and will work with you to plan ahead to maximize appropriate deductions and credit opportunities.

How Can We Help You?

At Michael C. Allen & Co., CPA's PLLC, our success is based on your success.  Take a look at the links to our services below or contact us to learn how we can save you time and money with our comprehensive tax services.

FBAR (FinCEN Form 114)
Due to increased scrutiny and severe penalty, it is important for all individuals and entities to review whether there is any financial interest in or signature authority over accounts subject to FBAR’s/FinCEN Form 114’s, reporting. We can help you review these requirements and submit any FBARs electronically under the streamlined and OVDP procedures and Penalty Appeals.
 
Individual Tax Preparation
According to a study released by the US Government's General Accounting Office last year, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer.
Tax Preparation for Businesses
It is important to develop a relationship with a tax preparation firm that understands how your business works. As your trusted advisor, we make sure you stay on top of your tax obligations and avoid penalties and fees that reduce your profitability.
 
Tax Planning
Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.
Trust Tax Returns
Because estate and trust taxation is complex, we offer a full range of specialized services including the preparation of both state and federal trust tax returns. The tax professionals at Michael C. Allen & Co., CPA's PLLC have over 20 years of experience working directly with trustees, wealth management professionals, and others to help preserve wealth while minimizing tax liability.
 
Estate Tax Returns
Our experienced staff keeps up-to-date with the latest tax codes, both Federal and New York State, and options to facilitate the orderly transfer of assets and to minimize or even eliminate tax due. It’s our goal to serve your family through the generations to ensure goals and wishes are fulfilled.
Corporate Tax Returns
At Michael C. Allen & Co. NY, our broad-based expertise in tax strategy, planning, and compliance combined with our complete electronic tax library and innovative computer systems enable us to meet the specific needs of businesses of all sizes and scope.
 
Partnership Tax Returns
Whether you have just launched your business or have an established multi-tiered partnership, the professionals of Michael C. Allen & Co., CPA's PLLC can develop effective tax strategies that enable you to take advantage of new tax laws and legislation.
Estate & Trust Tax Services
Preparing income tax returns for trusts and estates can be complex and confusing. We have professionals on our team who are experienced in all aspects of trust and estate administration, including the tax and accounting issues unique to trusts and estates.
 
Gift Taxes
With changing laws on estate and gift taxes, having up-to-date information for your long-term financial planning is a must. The professional team at Michael C. Allen & Co., CPA's PLLC in NYC & Long Island New York keeps current with changes to NY State and Federal laws and regulations and combines this knowledge with over 20 years of experience to ensure that your gift and estate planning is strategically managed.
Sales Tax
At Michael C. Allen & Co., CPA's PLLC, strategic, proactive tax planning is a fundamental component of the tax preparation process and essential for minimizing tax liabilities. As your advisors, we integrate tax planning into your overall business strategy and don’t just focus on it at year-end.
 
Tax Relief
We're here to help you resolve your tax problems and put an end to the misery that the IRS can put you through. We pride ourselves on being very efficient, affordable, and of course, extremely discreet.
   

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Please call us today at (516) 775-3000


We take pride in the professionalism of our partners and staff. Our practice is regularly peer reviewed by the New York State Society of CPA’s. This assures our clients that we can meet our commitment to quality and service for our clients and that our professionals serve our clients in a way that is competent, objective and with due professional care.

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