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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 for

Medical & Health Care Professionals

(Plus tax deduction information)

 

******Your Tax Prescription****** 

Lets get to the Specifics and cut through the noise that everybody is making.

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

We keep up with current developments in this industry, and we will use every Regulatory Tax Loophole to help you keep more of  your money; and we will put a BIG smile on your face. Call us when you are ready to do business with us.

We are quite familiar with your Industry Practices and Regulatory Compliances; and we speak your language (Chronic and Acute Problem). Primary, Critical, In-Patient, and Out-Patient/Ambulatory Care:-(Patients Visits; Examinations; Admitted Patients; Emergency Room/Ward/Department; Referring Physians; Diagnosis; Medication; Surgical and Specific Procedures; Insurance Carrier; Pre-Authotization; Co-payment; Re-imbursement; Advance Beneficiary Notice; Billing/Coding; Transfers; Discharge; Follow-up; Home Visits, etc).

Regulatory Compliance:(HIPPA; FDA; OSHA; AHIMA; Medicare, and Medical Board Guidelines).

We serve over 300 Medical and Health Care Professionals in Eight States (NY, NJ, CT, PA, GA, FL, CA and NV); and we have a proven track record with the IRS and States. Testimonials we received during our annual clients survey are overwhelming impressive. Hence, you are in capable hands. We have the expertise to help you overcome ANY tax challenge that you are experiencing. 

We prepare Tax Returns on a Case-by-Case Basis. We don\\'t rely on simplistic rules of thumb scenarios to solve Medical Tax Problems. Our methodology is meticulous (Tactical, Factually-deep, and very Effective). We thoroughly analyze the details that our medical clients give us against our annual compiled list from changes in the Tax Laws; and we formulate a strategy that provides a Myriad of tax-breaks/tax write-offs:- (regulatory tax loopholes, deductions, exemptions,credits, exclusions, deferrals, carryovers, etc.),in the New Tax Laws. 

Tax Codes we use (IRC Sections):- 1, 2, 55, 61, 63, 67, 132, 162, 167, 168, 170, 179, 197, 199A, 248, 274, 280, 401, 441, 446, 6013, 6015,  7703, etc.); Plus IRS 48 hours of Mandatory Annual Continuing Education.

Tax and Research Companies we use:-American Medical Association(AMA); American Dental Association(ADA)Thompson Reuters; Prentice-Hall; WG&L; CCH; BNA; and RIA. They are the best/legendary, and they are use by IRS Auditors. Hence, you are in capable hands with us.

Clients get great results and they breathe a big sigh of relief. We give them Peace-of-mind; and we put a BIG smile on their face. We ensure every assignment is completed Quickly, Efficiently, and Accurately.

Our pre-scribed remedy works everytime, and there is no side effect (No IRS and State Audit). Thank God you are in capable hands with us. Call us, if you are convince that our Tax Formula fits your Tax Prognosis; and you are ready to do business with us

Who are our clients:- They are over 300 medical professionals from almost every specialty in the medical field. They are located  in  NY, NJ, CT, PA, GA, FL, CA, and NV. They have been our clients for many years. Some of them Fax their documents to us. Most of them send us their documents by DHL, UPS, FedEx, and the Post Office. Our Database shows they are:-

  • Dentist; Urologist; OB/GYN; Podiatrist; Cardiologist; Internal Medicine; Ear, Nose & Throat; Anesthetists; Physical/Restorative Therapists; Pharmacy; Medical Laboratories; and Medical Technicians.
  • MD, CRNA & RN (Visiting, Travelling, & Community).
  • Per Diem Nurses (RN, LPN & CNA).
  • Adult Family Care Homes (Assisted Living).
  • State-licensed Marijuana Dispensaries(IRC Sections:-280(e); 263(a); and 471). This Industry is Legalized, Regulated, and Rigorously Monitored by States and the IRS).

Services We Provide:-

  • Individual Tax Planning and Preparation. (Preparing for unforeseen contingencies-IRC section 6402(c)for delinquent Child Support payments and default on Student Loan); and changes in tax rate/bracket; and Identifying and prioritizing other key risks; and assisting with practical solutionsIncluding the Tax Aspects of Marriage, Separation, and Divorce - IRC Sections 1, 2, 6013, 7703, etc.).
  •  
  • Financial and Investment Planning. (Identifying key Risk Areas and assisting with Practical Solutions). Practitioners are adapting to the pandemic by stocking up before supplies get expensive. They are operating more efficiently by finding out the specific reason for a patient visit beforehand, and figuring out the billing in advance. They have become more versed in accessing government relief programs; and they are keeping more rainy day funds (Contingency Funds Reserve).
  •  
  • Individual Tax Preparation(Single State, Multiple-States, Part-year residence, and Non-residence Tax Credit.
  •  
  • Business Tax preparation (S-Corp., C-Corp., LLP., and LLC., for high risk occupations).
  •  
  • Real-Estate Advisory & Tax Preparation (Leasing, Buying, Exchanging, Inherited, Selling, etc.).
  •  
  • Medical Practice Valuation (Buying or Selling).
  •  
  • IRS and State Tax Problem Resolution:- (Payroll tax audit; Failure to reply; Collection appeals; Delinquent tax returns; Prior years tax owed; Penalty abatement; Wage garnishment; Innocent spouse forgiveness; Tax refund seizure; etc.).You can read for FREE Chapter 2, pages 11-20 in my best selling book,"Sweet Success" by Clemson Barry on Amazon.
  •  
  • Consultation:- Medical plans; COBRA; Disability Retirement; Pension plans (IRA; Roth; 401K; 403B; Keogh; SEP; Social Security; Medicare; Medicaid; Medigap or Supplemental plans; HSA; Archer MSA, etc).

Where Our Clients Come From (Hospitals, Employment Agencies, and Private Practices)

  • Hospitals Employees.
  • Visiting Nurses of New York.
  • Direct Mailing from our exclusive Database.
  • Family-Law Attorneys preparing Pre-nuptial and Divorce agreements.
  • Flex Care Medical Staffing.
  • Hayes Locums; and Cross Country Staffing.
  • All Medical Personnel.
  • Trade shows (California Cannabis Country Fair, etc.).

What we want from you

1)Your Cell Phone number and E-mail address for quick communications (we work quickly).

2)A paper copy of the last tax return you filed if you are a New or Former client.

3)Birth Certificate and Social Security Card for each person you are claiming on your tax return; and information from the Day Care Center or Baby Sitter you paid.

4) Give us those letters you received from the IRS and 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)We need a paper copy of your Drivers license or State ID; AND a copy of your spouse Drivers License or State ID.(Started in 2016, the IRS & State require information on this document be included on ALL tax returns to help deter Identity Theft). IRS (800) 829-1040 from 7am EST.

In Addition:-

A) If you are employed at a Hospital, Nursing Home, or Medical Office, we need your Forms W2\\'s from your employer; Forms 1099\\'s for Pension, Social Security, Unemployment, and Disability Income you received; Forms 1099\\'s Interest and Dividends from your Banks and Brokerage Company; Forms W-2G for Gambling  Winings from Casions, State Lottery, & Race Track; Forms 1098-T for college tuition you paid; AND a list of your job related expenses and home office expenses - (IRC Sections:- 1, 2, 55, 61, 63, 162, 199A, 280, 613, 6013, 6015, 7703, etc).

B) If you own a Private Practice, or you are Self-employed. we need the Gross Income or Forms W2; Forms 1099 for Pension, Social Security, Mortgage Interest and Dividends; Forms 1098-T for college tuition you paid; Forms W2-G for gambling winnings from Casinos, OTB, and State Lotteryand Forms 1099 from the Hospital and/or the Insurance Companies that paid you in accordance with your PMA or PSA  Arrangement or Agreement (Managed Care Contract). In Addition, we need the Cash and Credit Card Co-payments(Co-pay) that you received from your patients; PLUS an analysis of you Operating Expenses. (There are more demands for Transparency. IRS Auditors are looking closely at those sources of incomes- (IRC Sections:- 1, 2, 61, 62, 162,167, 179,  199A, 274, 280, 351, 401, 441-446, 761, 3402, 6017, 6072, etc).

C) If you are a Travelling/Community/Visiting Doctor or Nurse, we need Forms W2\\'s and Forms 1099 from Unemployment, Social Security & Disability; Forms 1099 form the Hospital and Employment Agencies that paid you; Froms W2-G for gambling winnings from Casions, State Lottery, and Race Track; Forms 1098-T for college tuition you paid; PLUS an Analysis of your job related expenses and your home office expenses.(IRC Sections:- 55, 61, 63, 162, 170, 179, 199A, 280, 6013,  6015, 6017, etc.).

D) If you own a Private Home, Vacation Home, and Time Share. We need the Mortgage Interest; Real Estate Tax; School Tax; Village Tax; Town Tax; Community Tax; Sales Tax you paid for Boat and Automobiles; and Home Owners Association (HOA) dues/fee you paid on each property. (If this is the first time you are disclosing this property on your tax return, we need the Closing Documents that you received from your Attorney/Lawyer).

E) If you own a Condo or Co-op., we need Forms 1099 that show Mortgage Interest you paid your bank; PLUS the Letter/Statement you received from your Condo Board or Co-op Association that shows the number of shares own(Co-op) and the mortgage Interest and Real Estate Tax you paid from the Maintenance Fees you paid.

F) If you own one or more Rental Property, we need the amount of Rent you collected from each property; and an analysis of the Repairs and Operating Expenses that you paid for each property. Plus the Mortgage Interest and Property Tax you paid on each property.(IRC Sections:- 61, 162, 168, 199A, 1006A, etc.).

G)We need your Credit Card or Bank Account Information to pay for this service.

 

Our Job Related Education

  • MS Taxation and MBA Business Admin.
  • IRS Enrolled Agent (1989 to present).
  • Insurance Broker (Property & Casualty).
  • AAPC; OSHA; FDA; HIPPA and AHIMA continuing medical/health education.
  • Health Insurance/Medicare/Medicaid/HSA and COBRA annual continuing education.
  • IRS 48 Hours of Mandatory Annual Continuing Education.

Testimonial:- "I dread going to a tax office during tax season. Barry told me what to send and I mailed him those documents. In a couple of weeks I received my tax refunds, a copy of my tax return, the documents I sent him, and a gift. That was Amazing!"  - Dr. Anette, P. (Ventura, CA.).

Click here for "Business Taxes, Accounting, & Strategic Planning"

Click here for "Real Estate Taxation"

Click here for "Financial Planning & Wealth Management"