Kingsbridge
Tax preparation and planning in Kingsbridge, the Bronx
Along the Broadway corridor the filers are storefront owners and small landlords, often both at once.
What you get
- Every federal form you are likely to need
- New York State, New York City and Yonkers
- Planning done before year end
- Prior years brought current
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
- Riverdale Office at 331 College Rd, Bronx, NY 10471
In Kingsbridge
Tax preparation and planning for Kingsbridge
The return runs on a Schedule C and a Schedule E together, and the useful planning is in how the building is held rather than in what was spent on it.
Depreciation already taken, repairs treated as improvements, and passive activity limits all follow from decisions made years earlier, which is why we start with the prior returns rather than with this year.
Scope
What is included in tax preparation and planning
The same work wherever you are. Scoped to what you actually need.
Individual returns
- Form 1040 and the schedules behind it
- Schedule C for self-employed filers
- Schedule E for rental property
Business returns
- Form 1120 and Form 1120-S
- Form 1065 for partnerships and LLCs
- K-1s issued to owners and partners
State and city
- New York State and New York City returns
- The Yonkers resident surcharge and nonresident earnings tax
- Returns in other states where you have nexus
Planning and cleanup
- Estimated payments calculated rather than guessed
- Amended returns, Form 1040-X
- Prior-year and delinquent returns
Returns we prepare
- Individual income tax, Form 1040
- C corporation returns, Form 1120
- S corporation returns, Form 1120-S
- Partnership and LLC returns, Form 1065
- Self-employed and Schedule C filers
- Rental property and Schedule E
- Multi-state returns
- Amended returns, Form 1040-X
- Prior-year and delinquent returns
- Extensions
- Estimated tax calculations and payments
- Capital gains and investment reporting
- Cryptocurrency reporting
- Real estate tax matters
- Foreign income and international reporting
- FBAR and foreign account reporting
- ITIN applications and renewals
Local tax
Storefronts, landlords, and a construction project worth watching
This is a corridor of small, independent, mostly unincorporated businesses, which puts the Unincorporated Business Tax front and center: 4% above a $95,000 gross income threshold, with the credit removing the tax entirely at $3,400 or less. Most businesses on this stretch of Broadway sit under that, which is worth confirming rather than worrying about.
It is also an apartment neighborhood, so small landlords and building management are a steady part of the work. They are exempt from UBT under the real property exclusion, while the storefront next door is not.
The Kingsbridge Armory is the thing to watch. The City Council approved its redevelopment on 30 October 2025, backed by $216 million of city, state and federal investment, with phase one covering venue, cultural and commercial space and a second phase of around 500 permanently affordable rental units. Groundbreaking was expected in 2026. For contractors and for anyone thinking about taking commercial space nearby, it is worth confirming the current status before making decisions on it.
New York City resident income tax applies, and MCTMT Zone 1 at 0.60%.
How it works
How tax preparation and planning runs
Four stages. Most of the value sits in the first two, before anything is filed.
Read the last few returns
Prior returns show the missed elections, the defensive positions and whether the entity still fits.
Confirm the records
A return is only as good as the trial balance sitting behind it.
Plan before year end
Entity, compensation, retirement and timing decisions, while they can still change the number.
File and stay reachable
Returns prepared and filed, and someone who answers in August when a notice turns up.
Questions
Frequently asked questions
I own a small building here. Do I owe the Unincorporated Business Tax?
No. Holding, leasing or managing real property for rental income is specifically excluded from UBT. The rental income is still reported on Schedule E federally and for the state.
Is the Armory project actually happening?
The City Council approved it on 30 October 2025 with funding committed, and groundbreaking was expected in 2026. Large projects slip, so if you are making a business decision on the back of it, check the current position with the Economic Development Corporation rather than relying on a page like this one.
My business is tiny. Do I still need to file city business tax?
Only once gross business income passes $95,000. Below that there is no UBT filing requirement. Above it, there usually is, even when the tax itself comes to nothing.
When is the right time to switch accountants?
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.
Can you file returns for previous years I missed?
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.
Do you handle crypto?
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.
I live outside New York City but work in Manhattan. What do I owe the city?
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.
Do you do foreign income and FBAR?
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.
Also in Kingsbridge
Our other services here
Bookkeeping and accounting
A storefront and a building, held by the same person, usually arrive as one set of books.
Bookkeeping and accounting in KingsbridgeTrust and estate tax
Small apartment buildings held for decades dominate Kingsbridge estates.
Trust and estate tax in KingsbridgeNonprofit accounting
Neighborhood development groups and service organizations along the Broadway corridor run on grants.
Nonprofit accounting in KingsbridgeIRS representation
Landlord notices here usually concern depreciation, repairs or passive loss limits.
IRS representation in KingsbridgeTalk to us about tax preparation and planning in Kingsbridge
Book a time online, or call the Riverdale office directly.
Nearest office
Riverdale Office
331 College Rd, Bronx, NY 10471
Phone
Office hours
Sunday to Friday, 11am to 8pm Eastern.
Closed Saturday.