Services
Everything the three practices do, on one page. Pick a practice, or scroll to Coordinated matters for work that involves more than one.
Personal, Trusts & Estates
About the practice
Klein Muskat
- Individual income tax (Form 1040)Federal, New York, New Jersey, and other state returns for individuals and families, including multi-state filers, K-1 recipients, and equity compensation.
- Trust and estate income tax (Form 1041)Fiduciary income tax returns for trusts and estates, with attention to beneficiary reporting and distribution timing.
- Estate and gift taxPreparation and planning support for estate and gift tax filings (Forms 706 and 709) and lifetime transfer strategy.
- Fiduciary accountingAccountings for trustees and executors that hold up to beneficiary and court scrutiny.
- Estate and succession planningCoordination with your attorney and advisors on the tax side of transferring wealth.
- Tax projections and planningYear-end projections, estimated payments, and planning around income events, sales, and retirement.
Business Tax & Bookkeeping
About the practice
Klein Mirsky
- Business income tax returnsCorporate, S corporation, and partnership returns (Forms 1120, 1120-S, and 1065), with K-1s to owners.
- Monthly and quarterly bookkeepingMonthly or quarterly close, bank and credit card reconciliations, and a P&L and balance sheet you can hand to a lender.
- Payroll and sales tax filingsPayroll tax deposits and quarterly returns (Form 941, NYS-45, NJ-927), and New York and New Jersey sales tax filings, on their due dates.
- Financial statement preparationStatements prepared for lenders, partners, and internal decision-making.
- Entity structuring and advisoryGuidance on entity selection, S corporation elections, and structure as the business changes.
- Tax planning and projectionsA fall projection and quarterly estimated-payment vouchers, so the April balance due is known in advance.
Real Estate Tax
About the practice
Klein Real Estate
- Real estate entity and partnership returnsReturns for LLCs, partnerships, and holding entities that own and operate property.
- 1031 like-kind exchangesTax treatment and reporting for deferred-gain exchanges, and the 45-day and 180-day clocks.
- Cost segregation coordinationWorking with engineering studies to accelerate depreciation where it makes sense.
- Rental and property accountingBooks for rental portfolios and operating properties, kept by property and by entity.
- Depreciation and basis strategyDepreciation schedules and basis records kept from acquisition through sale, so the gain on exit is right.
Coordinated matters
- Owner and business togetherKlein Mirsky handles the company; Klein Muskat handles the owner's personal return and estate. One projection covers both.
- Property inside a trust or estateKlein Real Estate manages depreciation and basis; Klein Muskat prepares the fiduciary return that reports it.
- Operating company and its buildingThe business and the real estate entity are prepared side by side, with rent, related-party items, and K-1s reconciled between them.
- TransitionsA sale, a succession, or a restructuring is planned with whichever practices are affected working from the same numbers.
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