Business Details
43 Years
experience
Expert Tax Preparation Services in Brooklyn, NY
Colacino Tax is a family-owned business with over 40 years of experience as income tax specialists. Founded by Joseph Colacino, our firm combines deep community roots with a commitment to providing personalized, stress-free tax solutions for individuals, families, and small businesses. Our team includes Joseph, who built his expertise through decades of service in Park Slope, Brooklyn, and his son Richard, a Certified Financial Planner with 28 years of financial industry experience. We prioritize exceptional service, leveraging our combined knowledge to ensure accurate, strategic tax preparation. Our history includes Josephs 26-year career as a New York Fire Department Captain, instilling values of reliability and dedication.We serve clients through in-person, remote, and drop-off options, emphasizing security and efficiency. Our process includes detailed review of income and deductions to minimize legal tax liability while maintaining transparency. We specialize in individual and business tax returns, amendments, and consultations, with a focus on client education and long-term trust. Our legacy of excellence continues through our commitment to adapting to evolving tax regulations while maintaining a personal touch.
Services
Tax Preparation
Business Tax Filing
Tax Amendments
Extension Filing
Financial Planning
Details
- Year established: 1983
Highlights and features
- We offer 40+ years of combined tax preparation expertise in Brooklyn.
- Our team includes a Certified Financial Planner with institutional finance experience.
- We provide secure online document submission and remote filing options.
- Our process includes detailed income and deduction analysis for minimized tax liability.
- We maintain long-standing community relationships and personalized service.
Associations and certifications
- Certified Financial Planner (CFP)
Services
Tax Preparation
Comprehensive individual and business tax preparation services ensuring accurate filings and minimized liability. Our process includes detailed review of income, deductions, and credits. We specialize in Brooklyn-based clients with diverse financial situations.
Business Tax Filing
Specialized tax services for businesses including S-Corp, C-Corp, LLC, and partnership filings. We handle entity-specific requirements and provide strategic tax planning to optimize business financial health.
Tax Amendments
Professional amendment services for corrected tax filings starting at $100. We process electronic or paper amendments with complete documentation review to address prior filing discrepancies.
Extension Filing
Secure tax filing extensions for individuals and businesses at $50. We ensure timely submission while maintaining compliance with IRS payment requirements for owed balances.
Financial Planning
Certified financial planning services integrating tax strategies with investment management. Our CFP professionals provide personalized guidance for long-term financial security aligned with tax optimization.
People
Joseph Colacino
Founder
40-year tax specialist with Brooklyn roots, former NYFD Captain. Established Colacino Tax to provide personalized tax solutions rooted in community trust and expertise.
Richard Colacino
Tax Preparation Specialist
Certified Financial Planner with 28 years of institutional finance experience. Joined family business in 2002, offering securities through OsaicWealth while maintaining hands-on tax preparation focus.
Joanne Colacino
Co-Founder
Key operational partner since business inception, managing client relations and administrative systems to support the firm's personalized service model.
Jennifer Schultz
Tax Professional
Experienced preparer handling individual and business returns, specializing in Brooklyn-specific tax considerations and client document management systems.
Daniel Martoccio
Tax Associate
Supports return processing and client communications, ensuring efficient document handling and adherence to filing deadlines for both individual and corporate clients.
Questions
What documents are required for tax preparation?
Submit prior year returns, income statements, expense records, and ID. Self-employed clients need income/expense sheets.
How long does tax return processing take?
Completed returns typically take less than one week when all documents are submitted together.
Can I amend a prior year return?
Yes, we handle amendments starting at $100. Submit original return copies and supporting documents.
Do you offer business entity tax guidance?
We specialize in C-Corp, S-Corp, LLC, and partnership filings with tailored tax strategies.
How are tax preparation fees determined?
Fees depend on return complexity. Submit prior returns for a personalized cost estimate.
