Income Tax Consultants, LLC.

Accountant in Flushing, NY (show on map)

2.8

★★★☆☆

32 reviews

Income Tax Consultants LLC provides tax preparation, bookkeeping, payroll services, and financial reporting for over 30 years.

Call (718) 461-2871

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About

Income Tax Consultants LLC, established in 1989 by Michael Liu and Suzy Chen, has been serving the Flushing, NY community for over 30 years. Specializing in tax preparation for individuals and businesses, bookkeeping, payroll services, tax auditing, and financial reporting, the firm moved to its current location at 39-07 Prince St Unit 3F in 2015 due to rapid growth.

The company is committed to staying updated with tax law changes through continuous professional training, ensuring accurate and reliable services for its clients.

Over 30 years of experience

Comprehensive tax preparation for individuals and businesses

E-Service center for document upload

Professional training for staff to stay updated with tax laws

Services

Individual Taxes

Tax preparation and filing services for individual taxpayers, covering all 50 U.S. states.

E-Service center for document upload Secure Intuit Link for cloud storage Support for out-of-state clients

Business Taxes

Tax services for businesses, including corporate tax preparation, payroll, and bookkeeping.

Corporate tax filing Payroll services Bookkeeping

Business Incorporation

Assistance with forming various business entities such as LLC, C-Corp, S-Corp, and PLLC.

Entity selection guidance State filing assistance Tax implications counseling

EIN Application

Obtain an Employer Identification Number (EIN) for business entities.

Online EIN application assistance Guidance on EIN requirements

Credentials & Certifications

MSA/EA (Michael Liu)

Since 1989

MBA/CFA (Suzy Chen)

Since 1989

Reviews

Rating

2.8

★★★☆☆

Reviews

"Mr Liu and Ruby and their staff are very professional and nice."

Frequently Asked Questions

Why do we have to file Income Tax? +

US and state governments require all US citizens and residents, whether in the country or abroad, to report annual incomes.

Who needs to file a tax return? +

If your income exceeds certain IRS filing requirements, you must file annually. Even if below the threshold, you may qualify for refundable credits by filing.

When should I file my individual tax return? +

Typically between January 1st and April 15th each year. With a valid extension, the deadline is October 15th. Adjusted for weekends/holidays to the next business day.

How do I request an extension of time to file my individual income tax return? +

File an extension on or before April 15th. Pay any tax due in full; penalties and interest apply to outstanding tax. Extension grants six months to file, typically due October 15th.

What are the different statuses for filing a tax return? +

Options include Single, Married Filing Jointly, Married Filing Separately, Head of Household, and Qualifying Widower, each with specific requirements.

Do I need to file a tax return if I do not have W-2 or 1099-MISC? +

Yes, file for any income received, such as compensation, investment, rental, stock, bank interest, pension, mortgage interest, tuition, health insurance, or work-related expenses.

How do I report incomes I received in cash? +

Provide income and expense records like bank statements, cash registry books, receipts, bills, etc., to ensure accurate reporting.

Am I eligible to claim dependent care credit? +

Eligible if you have dependents' care expenses and both spouses are working or one is a full-time student.