Sabita Balloo Income Tax Services

Tax preparation service in Richmond Hill, NY (show on map)

4.6

★★★★★

34 reviews

Sabitas Income Tax Services offers professional tax preparation, solutions for individuals and businesses, and confidential service with high ethical standards.

Call (718) 846-6525

Navigate to Visit website

About

Sabitas Income Tax Services, founded in 1998, is committed to delivering tax preparation and solutions for individuals and businesses with the highest ethical standards. The firm emphasizes professionalism, courtesy, and efficient problem-solving, offering a range of services including tax preparation, business tax preparation, bookkeeping, payroll, and sales tax.

Services are provided with strict confidentiality, and the firm prides itself on innovative ideas and critical thinking skills.

Over 27 years of experience

CPA and Enrolled Agent credentials

Confidential handling of personal and business financial information

Comprehensive suite of tax and bookkeeping services

Services

Individual Tax Preparation

Preparation of personal income tax returns for individuals, including standard deductions, credits, and itemized deductions.

Confidential handling of personal financial information Compliance with federal and state tax laws Use of latest tax software and professional expertise

Business Tax Preparation

Tax preparation and planning for businesses, including S-corps, partnerships, and sole proprietorships.

Business expense categorization Quarterly estimated tax payment assistance Depreciation and bonus depreciation guidance

Bookkeeping

Professional bookkeeping services to maintain accurate financial records for businesses.

Regular financial statement preparation Accounts payable and receivable management Integration with tax preparation for seamless filing

Payroll Services

Comprehensive payroll processing, including tax withholding and filing.

Employee onboarding and offboarding Payroll tax calculation and filing Direct deposit setup

Sales Tax Preparation

Preparation and filing of sales tax returns for businesses that collect sales tax.

Sales tax rate determination Exempt transaction reporting Quarterly sales tax filing

ITIN (Individual Taxpayer Identification Number) Assistance

Help with the application and maintenance of ITINs for individuals who cannot obtain a Social Security Number.

Guidance through the ITIN application process Document preparation and submission Follow-up with the IRS on application status

Credentials & Certifications

Certified Public Accountant (CPA)

Since 1998

Enrolled Agent (EA)

Since 1998

Reviews

Rating

4.6

★★★★★

Reviews

"Very knowledgeable and helpful"

Frequently Asked Questions

What documents are required for tax preparation? +

Required documents include W-2s, 1099s (NEC, MISC, K, INT, DIV, B), K-1s, Social Security statements, tip income records, business income records, rental income records, crypto transaction reports, bank account information, government ID, Social Security numbers for all taxpayers and dependents, prior year tax return (if new client), IRS/State letters, and estimated tax payments.

What is the new above-the-line deduction for qualified tip income? +

Beginning in Tax Year 2025, eligible workers may claim a new above-the-line deduction for qualified tip income, capped annually at $25,000 with income phaseouts.

How does the SALT deduction cap change for 2025? +

The SALT (State and Local Tax) deduction cap is increased to $40,000 for many taxpayers, replacing the prior $10,000 cap.

What is the process for ITIN application assistance? +

ITIN assistance involves eligibility determination, document collection, application preparation and submission to the IRS, communication with the IRS on application status, and receipt of the ITIN for tax filing.