Tax Preparation in New Rochelle, NY
London's Tax Services prepares personal and small business tax returns for New Rochelle clients from our office in nearby White Plains. New Rochelle's mix of long-time homeowners, commuting professionals and a fast-changing downtown produces a particular set of tax questions, and we have spent 20 years answering them. The first 15 minute consultation is free.
A city in the middle of a rebuild
New Rochelle's downtown has changed faster in the last decade than almost anywhere else in Westchester. That has brought a wave of new rental buildings, new small businesses on and around Main Street, and a lot of people who moved from New York City and are filing a New York State return as a Westchester resident for the first time. That first post-move return is where mistakes cluster.
Professionals, consultants and side income
A large share of our New Rochelle clients are W-2 professionals with something else going on: consulting income, a rental property, equity compensation, or a spouse running a business. These are the returns where a preparer earns their fee, because the interaction between the pieces is where the planning opportunities live and where the software gets it wrong.
Moving out of New York City to New Rochelle
If you moved from the Bronx, Manhattan, Brooklyn or Queens to New Rochelle, the year of the move needs a part-year allocation, and from the following year you should no longer be paying New York City resident income tax at all. We regularly meet new clients who kept paying NYC tax for a year or more after moving to Westchester. That is recoverable on an amended return, and it is usually a meaningful amount.
Rental property and the new downtown
Whether you own a two-family house in the North End or a condo you rent out downtown, rental income brings depreciation, the passive activity loss rules, and a set of records you need to keep from day one rather than reconstruct in April. Getting the basis and depreciation right at the start matters far more than most owners expect, because errors compound every year until you sell.
Equity compensation and investment income
For New Rochelle clients working in Manhattan, RSUs, stock options and ESPP shares are common and are consistently reported badly. The most frequent error we correct is double-counting: income already included in the W-2 being taxed again on the sale because the cost basis on the broker statement was not adjusted. It is worth a second pair of eyes.
Areas we cover in and around New Rochelle
- Downtown New Rochelle
- North End
- Rochelle Park
- Wykagyl
- Sutton Manor
- Echo Bay
Getting to our office
New Rochelle sits on the Metro-North New Haven Line and is a short drive from our office in White Plains. Our office is at 75 South Broadway, 4th Flr, White Plains, NY 10601. Call (646) 917-7714 or book a free 15 minute consultation online.
Frequently asked questions
Do you serve New Rochelle from a local office?
Our office is at 75 South Broadway in downtown White Plains, a short drive from New Rochelle. We also work with New Rochelle clients entirely remotely if that is easier.
I moved from the Bronx to New Rochelle. What changes on my taxes?
The year you move is filed as a part-year New York City resident, and from the following year you should no longer pay NYC resident income tax at all, because New Rochelle is in Westchester County. If NYC tax was withheld after you moved, an amended return can usually recover it.
Can you help with rental property in New Rochelle?
Yes. We handle rental income, depreciation schedules, expense allocation for owner-occupied two-family homes, and the records you need to keep so the eventual sale is not a problem.
Do you prepare returns with stock options or RSUs?
Yes, and it is one of the more common reasons New Rochelle clients come to us. The usual error is a cost basis that was not adjusted for income already reported on the W-2, which causes the same money to be taxed twice.