A and B Tax

Helping Good People Prosper

Tax preparation in Farmingdale, NY (show on map)

Professional tax preparation and resolution services for individuals, businesses, and trusts, ensuring accurate filings and minimizing tax liabilities.

Call (631) 832-3433

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About

A&B Tax Resolution Inc provides professional tax preparation and resolution services tailored to individuals, businesses, and trusts. Specializing in individual tax preparation, business setup (LLC, S-Corp, partnerships), corporate tax preparation, trust tax preparation, payroll services, penalty abatements, and tax resolution, the firm ensures accurate filings and minimizes tax liabilities through careful planning and strategic advice.

Services include detailed tax return preparation, payroll processing, estate and trust tax preparation, and partnership with attorneys for fiduciary tax matters, all delivered with personalized attention and expertise in complex tax issues.

Enrolled Agent expertise

Comprehensive tax preparation and resolution

Personalized service for individuals and businesses

Collaboration with attorneys for fiduciary matters

Services

Individual Tax Preparation

Professional preparation of individual income tax returns, ensuring accuracy and maximizing deductions.

Electronic filing for quicker refunds Adjustment of payroll withholdings Identification of potential deductions Bookkeeping assistance for small businesses

Business Setup (LLC, S-Corp, Partnerships And More)

Guidance and execution of business formation processes, including LLC, S-Corp, and partnership setups.

Business plan preparation Capital needs assessment Borrowing power evaluation Business structure selection Accounting software recommendation Cash flow budgeting Billing and collection procedures Cost monitoring Home office setup for tax deductions State and local license filing Federal Employer Identification Number application Payroll and payroll tax filing Employment law compliance Business insurance identification Partnership agreement development

Corporate Tax Preparation

Comprehensive corporate tax preparation and planning to minimize tax liability.

Federal and state tax return preparation Employment, excise, and estimated tax compliance Payroll tax filing and reporting Cash flow and cost management analysis Partnership and trust tax considerations

Trust Tax Preparation

Specialized preparation of estate and trust tax returns, ensuring compliance and minimizing tax burdens.

Estate tax return (Form 706) preparation Income tax returns for estates and trusts (Form 1041) Final individual income tax return preparation Collaboration with attorneys and fiduciaries Complex tax issue navigation

Payroll Services

Efficient payroll processing and management to ensure compliance and accuracy.

Paycheck printing and direct deposit Deductions, allowances, and withholding management Quarterly and year-end tax form filing Electronic tax payments Comprehensive payroll reporting

Penalty Abatements

Assistance in negotiating and obtaining abatements for tax penalties.

Assessment of penalty eligibility Negotiation with IRS Preparation of abatement requests Follow-up and compliance monitoring

Credentials & Certifications

Enrolled Agent

Since N/A

Frequently Asked Questions

What is an Enrolled Agent? +

An Enrolled Agent is a federally authorized tax practitioner who demonstrates expertise in taxation and is empowered by the U.S. Department of the Treasury to represent taxpayers before all administrative levels of the Internal Revenue Service for audits, collections, and appeals. They are the only tax professionals authorized to represent clients in all 50 states.

How can A&B Tax Resolution Inc help with business setup? +

A&B Tax Resolution Inc assists with business formation by preparing an initial business plan, determining start-up capital needs, identifying financing sources, selecting the appropriate business structure (LLC, S-Corp, etc.), setting up accounting software, preparing cash flow budgets, establishing billing and collection procedures, monitoring costs, setting up home office deductions, filing required licenses and permits, obtaining a Federal Employer Identification Number, managing payroll and tax filings, ensuring employment law compliance, identifying necessary business insurance, and developing partnership agreements.

What services does A&B Tax Resolution Inc offer for corporate tax preparation? +

A&B Tax Resolution Inc provides comprehensive corporate tax preparation services, including federal and state tax return preparation, employment tax compliance, payroll tax filing, cash flow and cost management analysis, and consideration of partnership and trust tax issues, with a focus on minimizing tax liabilities within legal limits.

How does Trust Tax Preparation work? +

Trust Tax Preparation involves preparing estate and trust tax returns, including Form 706 for estate tax and Form 1041 for income tax returns of estates and trusts, as well as final individual income tax returns. The process includes collaboration with attorneys and fiduciaries, navigation of complex tax issues, and ensuring compliance with tax laws.

What payroll services are provided? +

Payroll Services include paycheck printing and direct deposit, management of deductions, allowances, and withholding, filing of quarterly and year-end state and federal payroll tax forms, electronic tax payments, and comprehensive payroll reporting to aid in efficient business management.

What is included in Penalty Abatements? +

Penalty Abatements involve assessing penalty eligibility, negotiating with the IRS, preparing and submitting abatement requests, and following up to ensure compliance and reduce tax burdens.

How does Tax Resolution Services address IRS audits? +

Tax Resolution Services provide representation and strategic planning for IRS audits, including handling back taxes, responding to IRS letters, ensuring residency and audit support, and developing long-term tax planning strategies to prevent future issues.