Marks Paneth LLP

By buyer question

• is_cpa_gaslighting_me

  Named in 4 responses · Claude · ChatGPT · Gemini

  ×4

  • anthropic/claude-sonnet-4.6

    Your CPA is wrong. That is not a simple return. Here's why each piece adds real complexity: **RSUs** - Supplemental wage withholding often under-withholds - Sell-to-cover creates cost basis tracking...

  • google/gemini-2.5-flash

    Your situation is more complex than "pretty simple" due to the combination of different income streams and entity types, each with specific tax rules and potential planning opportunities. It warrants...

  • openai/gpt-4o

    Your financial situation involves multiple complex elements, including RSUs, an S-corp, rental property, and a K-1 from a syndication. This is not typically considered "simple" and may benefit from sp...

• dont_know_where_to_start

  Named in 4 responses · ChatGPT · Gemini

  ×4

  • google/gemini-2.5-flash

    * **Friedman LLP:** Large regional firm with strong tax departments for high-net-worth individuals and complex situations. * **Anchin, Block & Anchin LLP:** Well-regarded firm known for serving hi...

  • google/gemini-2.5-flash

    * **Friedman LLP:** Large regional firm with strong individual tax and wealth management services. * **Marks Paneth LLP:** Well-regarded for high-net-worth individuals, real estate, and complex ta...

  • openai/gpt-4o

    Here are some reputable CPA firms and professionals in New York City you might consider: 1. **Anchin, Block & Anchin LLP** - Known for handling complex tax situations, including crypto and real estat...

• if_this_were_your_business

  Named in 4 responses · ChatGPT · Gemini

  ×4

  • google/gemini-2.5-flash

    For $2.1M revenue, a defined benefit plan, and a real estate purchase, a small regional firm offers more specialized expertise and capacity than most solo CPAs. The complexity of these transactions, e...

  • google/gemini-2.5-flash

    Move to a small regional firm. **Reasons:** * **Complexity:** Defined benefit plans and commercial real estate purchases add significant complexity beyond typical S-corp operations, requiring speci...

  • openai/gpt-4o

    For a business of your size and considering the complexity of adding a defined benefit plan and purchasing real estate, moving up to a small regional firm could be beneficial. They typically offer a b...

• is_20k_cpa_bill_normal

  Named in 3 responses · ChatGPT · Gemini

  ×3

  • google/gemini-2.5-flash

    A $9,000 increase ($12K to $21K) for the same S-corp, personal, K-1, and real estate filings in one year is substantial. While inflation and increased complexity (e.g., new real estate transactions, s...

  • google/gemini-2.5-flash

    The $21K bill for an S-corp, personal, K-1, and real estate in NYC, up from $12K, is on the higher side but not necessarily unreasonable, especially if there were significant new transactions or compl...

  • openai/gpt-4o

    A $21K bill for your described services seems high, especially given the previous year's $12K charge. While complexity can increase costs, such a significant jump warrants scrutiny. Consider comparing...

• exhausted_doing_taxes_myself

  Named in 3 responses · ChatGPT · Gemini

  ×3

  • google/gemini-2.5-flash

    You are not overreacting. Your tax situation has become complex enough that professional help is warranted to ensure accuracy, optimize deductions, and save you time. For tax preparation and planning...

  • openai/gpt-4o

    Given the complexity of your financial situation, it might be beneficial to hire a professional. Here are some firms and CPAs in New York City known for handling complex tax situations: 1. **Marks Pa...

  • openai/gpt-4o

    Given the complexity of your tax situation with RSUs, ISOs, a rental property, a backdoor Roth, and an S-corp, hiring a professional could save you time and provide peace of mind. Here are some well-r...

• quarterlies_or_wait_till_april

  Named in 3 responses · ChatGPT · Gemini

  ×3

  • google/gemini-2.5-flash

    Yes, you need to pay quarterly estimated taxes. The IRS and New York State require estimated tax payments if you expect to owe at least $1,000 (federal) or $300 (state) in tax. Failing to pay througho...

  • google/gemini-2.5-flash

    You are required to pay estimated taxes quarterly if you expect to owe at least $1,000 in tax for the year. For a net income of $210,000, your tax liability will far exceed this threshold, making quar...

  • openai/gpt-4o

    Paying quarterly estimated taxes is generally advisable to avoid penalties and interest. If you prefer to pay in April, you can do so, but be prepared for potential penalties. If you want more tailore...

• should_i_fire_my_cpa

  Named in 2 responses · Gemini

  ×2

  • google/gemini-2.5-flash

    It's not necessarily negligence, but it indicates a lack of proactive tax planning tailored to your potential needs. A good CPA should explore these options if they are relevant to your financial situ...

  • google/gemini-2.5-flash

    The omissions are concerning but not necessarily negligence without more context on your specific financial situation and business structure. A proactive CPA should explore such strategies. **What I...

• should_i_elect_s_corp

  Named in 2 responses · ChatGPT

  ×2

  • openai/gpt-4o

    For a second opinion on whether to elect S-corp status, consider consulting with: 1. **Marks Paneth LLP** - Known for tax advisory services for small businesses. 2. **EisnerAmper LLP** - Offers exper...

  • openai/gpt-4o

    For a second opinion, consider consulting the following firms or attorneys: 1. **Greenberg & Company** - Known for personalized tax planning and S-corp advisement. 2. **Marks Paneth LLP** - Offers ex...