Precise Bookkeeping & Tax Services Inc is a trusted provider of tax preparation, tax planning, and consulting services based in Farmingdale, NY. The firm specializes in helping clients navigate complex tax issues, optimize deductions, and minimize tax liabilities through strategic planning.
Services include personal tax filing, business tax preparation, retirement planning, and guidance on various tax topics such as capital gains, self-employment taxes, and retirement accounts. With a focus on client education and personalized service, the company aims to deliver peace of mind and financial clarity to its clientele.
Low-pressure approach
High client retention rate
Comprehensive tax preparation and planning services
Services
Personal Tax Filing
Preparation and filing of individual tax returns, ensuring accuracy and maximizing deductions.
Electronic filingDirect deposit refundsGuidance on deductions and credits
Business Tax Preparation
Comprehensive tax preparation for businesses, including entity formation, payroll taxes, and business deductions.
Business entity tax filingPayroll tax complianceDepreciation and capital expense guidance
Tax Planning
Strategic planning to minimize tax liability and optimize financial outcomes for current and future years.
How long will it take for you to prepare and file my tax return? +
Preparation time depends on the complexity of the return. Providing all relevant records upfront minimizes delays. Generally, schedule your appointment several weeks before the IRS deadline for timely filing.
Is e-filing my tax return safe? +
Yes, as long as you use reputable platforms and avoid public Wi-Fi without a VPN. Reputable platforms encrypt returns, ensuring only the IRS can access them.
What should I do if I cannot pay the full amount of tax I owe by the deadline? +
Pay as much as possible immediately, then propose a monthly installment plan to the IRS. Showing commitment can help minimize penalties and interest.
How long will it take to get my IRS refund? +
Electronic filings typically receive refunds within 21 days. Paper filings may take six weeks or more. Direct deposit speeds up receipt, while checks add extra time.
Can a person qualify for more than one tax filing status? +
Yes. For example, married couples can file jointly or separately, and unmarried individuals with dependents can file as single or head of household. Choose the status that minimizes total tax.
Does an automatic 6-month IRS filing extension give me more time to pay my taxes? +
No, the extension only delays filing. Payment is still due by the original deadline; otherwise, penalties and interest apply. Include an estimated payment with the extension request.
I have heard that if I do not owe any tax, I don't have to file a return. Is that true? +
Only in certain cases. If your income is below the standard deduction, you may not owe tax, but filing might still be required to claim refunds or credits. Specific thresholds vary by filing status.
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