Tax preparation and planning in Bensonhurst, Brooklyn

Entity choice, a separate bank account and a bookkeeping system you will actually keep up. Those three decide how much everything else costs. Tax elections matter, but they are cheap to fix compared with a year of mixed personal and business records.

Sending money generally does not create tax. Holding accounts abroad, receiving large gifts from abroad or holding foreign pensions and investments can all create reporting obligations with real penalties. It is the holding and receiving side that needs checking, not the sending.

Tip reporting and the FICA tip credit, which is a genuine credit a lot of operators never claim, and sales tax treatment where prepared food and grocery items sit side by side.

Any time other than April. Moving mid-year gives us room to fix the books and act on what we find before the year closes. Moving in filing season means we file what already happened and start planning for next year.

Yes. Prior-year and delinquent returns are routine. Filing voluntarily before the IRS contacts you nearly always produces a better outcome than waiting, both on penalties and on what options remain open.

Yes, including exchange activity, staking and the reporting that follows. Bring whatever transaction history you can export. Reconstructing it later costs more than keeping it as you go.

As a nonresident, no New York City resident income tax. The nonresident earnings tax was repealed in 1999 and the partial version was struck down in 2000. But if you carry on an unincorporated business within the city, the Unincorporated Business Tax can still apply regardless of where you live. Westchester residents with city clients are the usual case.

Yes. Foreign income, international reporting and FBAR filings for foreign accounts. The penalties for missing an FBAR are disproportionate to the effort of filing one, so it is worth checking even if you think you are under the threshold.