Tax Services — Scarsdale, NY
Business & Corporate Tax Preparation in Scarsdale, NY
Summary
Frank F. Rocco, CPA prepares federal and New York State tax returns for all business entity types, including C-corporations (Form 1120), S-corporations (Form 1120-S), partnerships (Form 1065), and LLCs. The firm serves business owners throughout Westchester County with accurate, deadline-driven tax compliance.
Business tax compliance is one of the most consequential responsibilities a business owner faces. Filing errors, missed deductions, or incorrect entity-level elections can result in overpayments, penalties, or IRS scrutiny. Frank F. Rocco, CPA brings decades of experience preparing business and corporate tax returns for Westchester County businesses of all sizes.
The tax treatment of a business depends heavily on its legal structure. A C-corporation faces double taxation — once at the corporate level and again when dividends are distributed to shareholders. An S-corporation passes income and losses through to individual shareholders, avoiding corporate-level tax but requiring careful attention to shareholder basis and distribution rules. Partnerships and LLCs taxed as partnerships also pass through income, but the allocation rules can be complex when multiple partners are involved.
Frank F. Rocco, CPA understands these distinctions and prepares each return with the accuracy and attention to detail that business owners in Scarsdale and throughout Westchester County deserve. The firm does not provide bookkeeping or payroll services — the focus is exclusively on tax preparation and planning, ensuring that every business return is handled by a specialist.
What Business Tax Situations Does Frank Rocco Handle?
C-Corporation Returns (Form 1120)
Federal and New York State corporate income tax returns, including estimated tax payments, depreciation schedules, and net operating loss carryforwards.
S-Corporation Returns (Form 1120-S)
S-corp returns with Schedule K-1 preparation for all shareholders, shareholder basis tracking, and reasonable compensation analysis.
Partnership Returns (Form 1065)
Federal and state partnership returns for general partnerships, limited partnerships, and LLCs taxed as partnerships, including K-1 preparation for all partners.
LLC Tax Compliance
LLCs may be taxed as sole proprietorships, partnerships, S-corporations, or C-corporations depending on elections made. The firm prepares the correct return for each LLC's tax classification.
New York State Business Taxes
New York imposes its own corporate franchise tax, pass-through entity tax (PTET), and Metropolitan Commuter Transportation Mobility Tax (MCTMT). The firm ensures full state compliance.
Multi-Year Tax Planning for Business Owners
Decisions made during the year — equipment purchases, retirement plan contributions, owner compensation — have significant tax consequences. The firm provides planning guidance to minimize the business's annual tax burden.
Frequently Asked Questions About This Service
Questions? Call Frank Rocco, CPA Today.
670 Post Road, Suite 214, Scarsdale, NY 10583