Bensonhurst
IRS representation in Bensonhurst, Brooklyn
Foreign account reporting is where Bensonhurst notices most often start.
What you get
- Notices answered on your behalf
- Audit support from start to finish
- Installment agreements set up
- Penalty abatement requested where it applies
The MyCleverCPA team
- 25+ years in regulated finance, compliance and audit
- Tax work led by a CPA. Jillian Sinel holds the CPA and the CAA
- Brooklyn Office at 1684 E 18th St, Brooklyn, NY 11229
In Bensonhurst
IRS representation for Bensonhurst
Penalties for unfiled foreign account reports are severe, and they are assessed per account per year. There are structured ways to become compliant, and they work far better before a letter arrives than after.
If you are holding accounts abroad that have never been reported, that is a conversation worth having now rather than in response to something.
Scope
What is included in irs representation
The same work wherever you are. Scoped to what you actually need.
Notices
- IRS notices read and answered
- New York State and New York City notices
- Response deadlines tracked so none lapse
Audits
- Documentation assembled and presented
- Correspondence and in-person examinations
- Appeals where the result is wrong
Balances owed
- Installment agreements
- Penalty abatement requests
- Back taxes and collection matters
Getting current
- Prior-year and delinquent returns
- Amended returns to correct earlier positions
- Record reconstruction where documentation is thin
What this covers
- IRS and New York State notice response
- Audit support and documentation
- Tax debt and collection matters
- Payment plans and installment agreements
- Penalty abatement requests
- Prior-year and delinquent return filing
- Amended returns to correct earlier positions
- Record reconstruction where documentation is thin
Local tax
New businesses and foreign reporting
Two things stand out here and both are evidenced rather than assumed.
First, roughly 29% of businesses on these corridors are under two years old. That is an unusually high rate of genuinely new business, and the work that goes with it is entity selection, registration, a bookkeeping system that will not need rebuilding in year three, and a first estimated tax calculation that does not produce a penalty. Getting the structure right in year one is worth more than any deduction found in year five.
Second, at 58.5% foreign born, Bensonhurst has the strongest case of any area we serve for foreign income and foreign asset compliance. FBAR, Form 8938, foreign pensions and ITIN applications are routine here rather than exceptional.
The 148 professional and medical service storefronts are a real S corporation and PLLC cluster, where reasonable compensation and the interaction with UBT matter. The restaurants bring sales tax, tip reporting and the FICA tip credit. Zone 1 for MCTMT at 0.60%.
How it works
How irs representation runs
Four stages. Most of the value sits in the first two, before anything is filed.
Read the notice properly
What it says, what it is responding to, and what the real deadline is.
Pull the record
Transcripts and filings, so the response is built on what the IRS actually sees.
Respond on your behalf
The written response, the documentation and the follow-up calls.
Resolve and stay current
An agreement, an abatement or a corrected return, and a plan so it does not repeat.
Questions
Frequently asked questions
I am opening a business this year. What should I get right first?
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.
I send money to family abroad. Does that affect my return?
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.
We run a restaurant. What gets missed most often?
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.
I got a letter and I am panicking. What now?
Send us the notice before doing anything else. Most are automated matching letters where the agency has seen a form you already reported differently, and they resolve on paper.
I owe more than I can pay. Are there options?
Usually. Installment agreements, and in some cases penalty abatement where there is reasonable cause. What is available depends on the amount, the age of the debt and whether returns are filed, which is why filing first matters even when you cannot pay.
Can you deal with New York State as well as the IRS?
Yes. State notices are common here and the two agencies do not coordinate, so it is normal to be dealing with both at once over the same underlying issue.
Also in Bensonhurst
Our other services here
Tax preparation and planning
Bensonhurst has the largest storefront economy we cover, and the highest share of first generation owners.
Tax preparation and planning in BensonhurstBookkeeping and accounting
With 1,265 storefronts, mostly restaurants, specialty food and professional services, two problems recur.
Bookkeeping and accounting in BensonhurstTrust and estate tax
Estates here often include foreign assets, which changes the reporting before it changes the tax.
Trust and estate tax in BensonhurstNonprofit accounting
Community and cultural organizations here often operate across more than one entity.
Nonprofit accounting in BensonhurstTalk to us about irs representation in Bensonhurst
Book a time online, or call the Brooklyn office directly.
Nearest office
Brooklyn Office
1684 E 18th St, Brooklyn, NY 11229
Phone
Office hours
Sunday to Friday, 11am to 8pm Eastern.
Closed Saturday.