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Barry's Accounting Services, Corp.
1852 Flatbush Avenue - 2nd Floor
Brooklyn, New York 11210
(718) 677-4006
E-mail:
clembarry@aol.com
 
 
Client Update - quarterly newsletter
 
   

 

Professional Tax Preparation

service; and CFO service for

High Income Employees and

Self employed individuals

(Plus tax preparation checklist)

Clients who are living in the USA can file their Quarterly Estimated Tax Forms 1040-ES, and Tax Extension Form 4868 on the IRS website:-IRS.Gov. Clients living overseas can File Form 2350. Time Management is very important to us. Call us when you are READY to do business with us.

Money is Wealth and Power. It also brings Fianacial Freedom/Independence, Happiness, and a lot of Friends. 

**NOTE:-We empower ambition! You doesn't have to work in a job that you hate. You can start your own business; OR you can log on to these websites and apply for the job that you are Qualified for; and you are Passionate about:-Jobs.Aerotek.com; RobertHalf.com; ZipRecruiter.com; RandStadUsa.com;  KellyServices.com; FlexCare.com; InfoSys.com; NewYorkJobDepartment.com; KornFerry.com; SisInc.com; FastSwitch.com;  BrownSchroeder.com. If you are looking for qualified workers for your home, log on to HouseholdStaffing.com. For workers for your business, log on to:-Indeed.com/hire and Nexxt.com. If you want to set up an LLC or Corporation, call Legal Zoom at (800) 773-0888 ext 5374; or (323)962-8600.

We keep up with current tax changes that pertain to high income and high net worth individuals. We will use every Regulatory Tax-Break/Tax-Write-off to help you keep more of your money; and we will put a smile on your face. Most importantly, we will give you Peace of MindIf that sounds great, call us when you are ready to do business with us.

We prepare Complex Tax Returns for High-Income and High Net-Worth Individuals who are employed in a variety of Trades and Professions. Our experience working successfully with those clients ($100,000 to $100,000,000) have made us specialized in that market niche.

We prepare tax returns on a Case-by-Case basis. We don't rely on Simplistic Rules of Thumb Scenarios to Solve Tax Problems. Our Methodology is meticulous(factually-deep and very effective). We have a Proven Track Record with the IRS and States. Hence, you are in Capable Hands.

*Tax Codes we use (IRC Sections):- 1, 2, 27, 55, 61, 63, 67, 132, 162, 170, 199A, 263, 274, 280, 401, 469, 1211, 179, 901, 6012, 6013, 6015, 6017, 6051,  6103, 7703, etc.). Plus IRS 48 hours of Mandatory Annual Continuing Education.

*Tax Research Companies We Use:-Thompson Reuters; Prentice-Hall; WG&L; CCH; BNA; and RIA. They are the best/legendary; and they are used by IRS Auditors. Hence, you are in capable hands with us.

 

Let's get to the specifics

This year 2021, the New Federal Administration has proposed to increase Individual Tax Rate up to 39.6%. High Income Individuals, be prepared.  

"We are laser-focus on what matters most to our clients. With us in your corner, you will always have a valuable  resource to turn to for practical Tax and Financial Advice, including the Tax Aspects of Marriage, Separation, and Divorce. Written testimonials we have obtained during our annual clients surveys are overwhelmingly impressive."

My best selling book, "Sweet Success" by Clemson Barry is on Amazon.

 

Services We Provide

#1)Tax Planning (Preparing for unforeseen contingencies, Including IRC Section 6402(c) for Delinquent Child Support payments; Innocent Spouse(IRC section 6015); Default on Student loan; Changes in your tax bracket and Tax rates; and the Tax Aspects of Marriage, Seperation, and Divorce - IRC Sections 1, 2, 6013, 7703, etc.).

#2)Federal and Multiple-States Tax Preparation. (Including Non-Residence; Part-Year Residence; and Out-of-State Tax Credit).

#3)Investment Advisory and Planning.(risk management; Joint Venture Audit; Contract Compliance; Retirement Plan; Insurance; etc.) 

#4)Business, Franchise, & Real-Estate Advisory (StartingBuying; Leasing; Airbnb(ABNB); Lease-option; Inheritance; Succession; Selling; etc.).

#5)Business Analytics (Financial Analysis; Personal and Business Financial Statements; Business Valuation; Business Loan Application).

#6)IRS, State, and Foreign Tax Preparation and Tax problem resolution(Failure to file tax returns; Wage Garnishment; Collection Appeal; Penalty Abatement; Innocent Spouse Forgiveness; Payment Plans; Prior years taxes you owe; Delinquent Child Support Payments; Default on student loan payments; Tax refunds seizure; Failure to reply to correspondence; etc.)You can read for FREE Chapter 2, pages 11 to 20 in my best selling book, "Sweet Success" by Clemson Barry on Amazon.

**NOTE:- We also file Tax Returns with the IRS and FinCEN for clients who must declare Foreign Bank Account(FBAR's), and other asset transaction in accordance with the Foreign Account Tax Compliance Act(FATCA).

Clients:-They are U.S. Citizens and Permanent Residents, Residing and Working in the USA, and Residing and Working overseas (U.S. Ex-pats.). Some of our clients Fax their documents to us. Most of them send us their documents by UPS, DHL, FedEx, and the Post Office.

How we obtain High-Income & High-Networth clients:-Direct mailing from our exclusive data base; Family-Law Attorneys preparing Pre-nuptial and Divorce Agreements; Mailing list companies; and Clients referring their Associates/colleagues.

What we want from High-Income Clients.
#1)Your Cell Phone and E-mail address for quick communication.

#2) A paper copy of the last tax return you filed (if you are a new client).

#3) A copy of your Drivers license or State ID; AND a copy of your spouse Drivers License or State ID. (The IRS & States need the information on you tax returns to help combat Identity Theft)-IRS (800) 829-1040 from 7am EST.

#4) Give us those letters that you received from the IRS & States, including the letter you received from the IRS with the IP PIN number that was assigned to you to put on your tax return (Identity Protection Personal Identification Number).

#5) Your Forms W2 wages; and Forms 1099 for Interest & Dividend incomes from your banks; Forms 1099's for Pension, Disability, and Social Security Income you received. 

#6) Form 1095-B or 1095-C(The Affordable Care Act).Health Care Coverage from your employer) - IRC Section 6051(a)(14).

#7)Forms 1099's from your Bank and Stock Broker for Interest and Dividends you received; and Bonds & Stocks you sold during the year. 

#8)Forms W-2G for gambling winnings from Casions, State Lottery, Horse Race, etc.

#9)If you own a Private home, Vacation home, or Time share, We need the Mortgage Interest; Real Estate Tax; School Tax; Town Tax; Village Tax;  Community Tax; Sales Tax you paid on Boat and Automobiles; and Home Owners Association (HOA) Dues/Fee you paid on each property.

#10)If you own a Condo. or Co-op., We need Forms 1099 that show Mortgage Interest you paid to the bank; PLUS the Letter/Statement you received from your Condo Board or Co-op Association that shows the number of Co-op shares you own; and Mortgage Interest and Real Estate Tax that you paid from the maintenance fees you paid during the year.

#11) Rental Income you received from each tenant; and Rental Income you received from the state/city for each state/city subsidize tenant; PLUS ALL expenses you pay to operate the rental property during the year.

#12)Your Business Gross Income and Expense Analysis.(Self-employment, LLC's & Corporation) Click on the link below:- "Tax preparation checklist".

#13) Birth Certificate and Social Security card for each/every dependent you are claiming; and letter from Day Care Center or Baby-sitter you paid.

#14) Forms 1098-T from the college, for tuition you paid for yourself and each dependent under age  24.

#15) Your Credit Card or Bank Account Information to pay for the service.

Experience:- We are aware that limitations on tax deductible items can affect taxpayers' tax bracket and tax liability. We will implement a tax strategy that  will allow us to use every (regulatory tax loophole, credit, deduction, exemption, and exclusion in the new tax laws) and bypass those limitations and lower your tax bracket and tax liability; and we will put a BIG smile on their face. Lets start today!!!

Some Items with tax deductible limitations that we can spot very quickly include:-

* Mortgage interest deduction.
* Itemized deductions.
* Loss of personal exemption.
* Investment/margin interest deduction.
* Passive activity loss and carry over
* Recapture of depreciation deductions.
* Expense re-allocations.
* Net operating loss deductions (NOL's).
* The alternative minimum tax (AMT).
* Excess social security tax withholding (FICA).
* 0.9% additional medicare tax penalty.
* Foreign income exclusion.
* Domestic & Foreign tax credits.
* Foreign Bank Financial Reporting (FinCEN and FBAR, etc, etc, etc.)...

Clients' Testimonals:-

#1)"I was tired of changing Accountants because I was not happy with their service and the result I was getting. That's why I was hesitant/reluctant to hire you when my friend referred you. However, reading your blogs and talking to you every year for 3-years had finally given me the confidence/courage to trust you and take the risk and hired you. Presently, I'm very happy I did. I wish I had hired you when I first talked to you".-G. McIntyre, Engineer (Long Island, N.Y.).

#2)"My personal and business tax returns are complex and I needed a Tax Accountant. I received numerous referrals; but I am very picky/fastidious. Everytime I researched and reviewed my list of prospects and their customers' experiences, your name kept coming up. That's why I contacted you and send you my documents. I'm glad I trusted you. Great results. Thank you! - J. Morrison, Business Owner (Manhattan, NY).

Click here for Tax Preparation Fees

Tax Preparation Checklist
Click here

Engineer
Engineer

Physician
Physician

Entrepreneurs
Entrepreneurs

Real estate owners
Real estate owners