Tax Services

When it comes to the world of taxes, preparation and planning go a LONG way. We have the expertise and knowledge you are looking for in a tax professional and can help you navigate your options.

We’re happy to help you with any of these services:

Tax Preparation

Stop missing out on potential deductions that could be saving you big money!

Tax Planning

Real strategies and solutions to help you minimize your IRS liability.

IRS AUDIT Representation

Don’t go it alone! We’re your ally and representative in an IRS audit.

Eakub Khan Clears Up Confusion Around The Stimulus Checks

Well, over the weekend, the President signed the big new stimulus bill, and we have been poring over the details ever since.Bear with us ... it is MASSIVE.But it's also full of great benefits for Jackson Heights area families and business owners (even those with a...

Cultivating Gratitude for Thanksgiving 2020 in Jackson Heights

I think we all need this week.2020 has been *so hard*, for so many in Jackson Heights (and far beyond!). And it's not over yet -- from continued electoral fighting, to spikes in virus cases and increased governmental restrictions all over the place, and (of course)...

Tax and Financial Planning for Multi-Generational Caretaking for Jackson Heights Families

Say it with me: four more weeks. Four more weeks until this crazy election cycle is behind us and we can all return to normal here in Jackson Heights.Except, well, if it isn't. With the way that 2020 has been going, we might as well emotionally prepare for that...

Nine Crucial Questions To Prepare Jackson Heights Taxpayers For Their 2020 Taxes

First some important reminders for all Jackson Heights taxpayers, then I have a bunch of questions to which I'd like you to respond...Depending on when you read this, the October 15th tax return extension deadline (for families and individuals) is either VERY close,...

Save On Your Taxes With Eakub Khan’s Nine Tax Planning Questions

Tax Pro World is abuzz about the increase of the Social Security wage base standard.Well, I should clarify -- most of Tax Pro World is taking naps this week and not really thinking much about taxes whatsoever, ha! After all, that was one of the most epically intensive...

Debunking Estate Plan Myths For Jackson Heights Taxpayers

On Friday, the IRS began accepting tax returns and people like me all around the country started buckling up for what is already quite a ride.With new PPP loans for Jackson Heights small business owners, credits aplenty in all of the variety of stimulus bills, DELAYS...

Retirement Money and Five Financial Mistakes To Avoid by Eakub Khan

This is the time of year when we are normally opening up to file returns on behalf of Jackson Heights clients, and taking a breath of "calm before the storm".Not this year though. Not only is actual tax filing delayed until February 12, but Congress made their...

Start The Estate Planning Process During Tax Season by Eakub Khan

We are rocking and rolling through tax season these days at Ye Olde Khan Tax Shoppe. But I woke up Monday to the news that the federal government took in a record $1.08 trillion in taxes during the first quarter of their fiscal 2017 (which ran from Oct '16 - Jan '17)....

Khan’s Rules of Thumb for Life Insurance

Autumn is here, and in some parts of the country, apparently that already means snow...Weather is a close second to "life" in terms of unpredictability.So I think that means two things:You should always carry an umbrella.Your life insurance policy should be clear and...

Eakub Khan’s 2018 Tax Preparation Checklist

Yes, you *thought* 2017 was in the rearview mirror, didn't you? Well, not for the IRS it isn't. That's because, as you probably know, we are now beginning the process of doing what we do best: effectively, legally, and ethically reporting our clients' financial lives...

How You’re Missing Legal Tax Deductions

Here’s a certain truth: the State and Federal Government would love to have more of your hard-earned money in their accounts. Sure, even though it’s painful, none of us begrudge paying our legal and fair share of taxes.
But the problem is that regular taxpayers, like you, are missing out on legal and safe deductions, to the tune of hundreds of millions of dollars in unclaimed refunds every year!