Tax Services
Prior Year Catch Up led by Manhattan CPAs
Our prior year catch up service is designed for individuals and small business owners who have not filed tax returns for one or more recent years. Thi...
Service Overview
Our prior year catch up service is designed for individuals and small business owners who have not filed tax returns for one or more recent years. This service covers the preparation and filing of federal, New York State, and New York City tax returns for the missing periods. We work with taxpayers who have experienced life changes, business transitions, or other circumstances that prevented timely filing.
The service includes gathering and organizing documentation from multiple years, preparing accurate returns based on available records, and filing them in the correct sequence. We handle situations where records may be incomplete or require reconstruction. Typical documents include prior year W-2 forms, 1099 forms, bank statements, receipts for business expenses, and any correspondence from tax authorities.
Benefits include resolving outstanding tax obligations, establishing compliance status, and providing a clear picture of tax liability across multiple years. We can identify potential refunds that may have been missed and help establish payment plans for any amounts owed. This service helps restore tax compliance and provides peace of mind for Manhattan, NY taxpayers who want to address their past filing requirements.
We approach each case systematically, starting with an assessment of available documentation and identifying any missing information that can be obtained. Our process includes reviewing all income sources, deductions, and credits for each year. We prepare returns in chronological order to ensure accuracy and compliance with filing deadlines.
Common challenges we address include incomplete record keeping, changes in employment or business ownership, and situations where previous tax preparers did not complete filings. We work diligently to reconstruct reasonable estimates when exact records are unavailable, always documenting our assumptions and methodologies.
Our Manhattan location allows us to serve clients throughout the metropolitan area who need assistance with multi-year tax situations. We understand the complexities of New York tax law and can help taxpayers navigate both federal and local filing requirements.
What You Get
- ✓Preparation of federal Form 1040 for each missing year
- ✓New York State and New York City return preparation
- ✓Documentation gathering and organization
- ✓Record reconstruction when needed
- ✓Penalty and interest calculations
- ✓Payment plan setup assistance
- ✓Refund recovery for eligible years
- ✓Compliance status verification
Manhattan, NY Specific Information
How far back can you help with prior year returns in Manhattan, NY?
We can assist with returns up to three years past the filing deadline in Manhattan, NY. For federal returns, this typically covers the most recent three tax years. New York State and New York City returns follow similar timelines. We assess each situation to determine the appropriate scope and timeline for completion.
What if I don't have all my records from previous years in Manhattan, NY?
We can work with incomplete records in Manhattan, NY by reconstructing reasonable estimates based on available information. We will request documents from prior employers, financial institutions, and tax authorities. When exact figures are unavailable, we use industry standards and documented assumptions to prepare accurate returns.
How long does it take to complete multiple years of returns in Manhattan, NY?
The timeline varies by complexity in Manhattan, NY, but typically ranges from two to eight weeks depending on the number of years and documentation availability. Simple returns for wage earners may be completed faster, while business returns with multiple income sources require more time for thorough preparation.
Will I owe taxes for the prior years I haven't filed in Manhattan, NY?
Possibly, depending on your income and deductions in Manhattan, NY. Many taxpayers find they are due refunds for prior years. When taxes are owed, we help arrange payment plans with the IRS and New York tax authorities. We calculate all penalties and interest accurately as part of our service.
Can you help if I was self-employed during those years in Manhattan, NY?
Yes, we handle self-employment returns for multiple years in Manhattan, NY. This includes preparing Schedule C forms, calculating self-employment tax, and ensuring proper reporting of business income and expenses. We can reconstruct business records and work with available documentation to ensure accurate filings.
What happens after you file the prior year returns in Manhattan, NY?
After filing in Manhattan, NY, we monitor for any correspondence from tax authorities and assist with responses if needed. We provide you with copies of all filed returns and help establish a plan for ongoing compliance. If refunds are due, we ensure they are processed correctly and advise on any next steps.
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Ready to get started with Prior Year Catch Up?
Contact our Manhattan-based CPAs for professional prior year catch up services. We understand your specific tax situation and can help you navigate complex requirements with confidence.