Lawrence J. Magill, CPA, PA  Income Tax Return Preparation Personal Service You Can Trust Copyright © All rights reserved.  IRS Circular 230 Notice

 - Individual/Personal

 - S Corps. & LLCs

 - Estate

 - Trust

Services include the preparation of business tax returns of all types including:

Accounting services are provided as needed to properly adjust your accounts for an accurate income tax return resulting in the least amount of tax. Most clients use Quickbooks for the business accounting or I can provide this as an additional service.

Your individual/personal income tax return is prepared on Form 1040 along with all of the required schedules, forms and statements and e-filed directly with IRS after your review and authorization. The goal is for you to pay the least and correct amount of tax required by law. I help you organize your documents and records if necessary. Every January, continuing clients receive a tax organizer which assists in this process. All of your documents and records are returned to you along with a signed copy of your income tax return.

Consultations are provided on tax and accounting issues. For example, new businesses often need advice on selecting the proper entity (S Corporation, LLC, etc.), accounting software and services, and other business start-up issues. I also provide individuals with consultations on a wide variety of tax and financial questions.

Business clients often need assistance with their business accounting. Most of my business clients use Quickbooks software for the accounting or I may recommend that they use Quickbooks. For smaller businesses, I am able to provide the client with Quickbooks services that include entering the banking transactions for the year and reconciling the bank statements. This service can be provided on an annual or quarterly basis. After-the-fact payroll services are also available.

The goal of tax planning is to estimate your current and future year taxes before the year is completed. You then have the opportunity to take action to minimize the current and future year taxes through planning. I mail all clients a tax planning letter twice a year telling them about upcoming changes to tax law that may affect them and to present the types of actions they can take to minimize their taxes.

I prepare state income tax returns for any state required. Individuals require part-year resident returns when they move into or out of a state that has a personal income tax. A non-resident income tax return is required in any year you have source income in a state with an income tax. This occurs most often from  your ownership of a business interest or rental property in a state with an income tax. The business interest can result from a partnership or other pass-through entity you acquired in an investment account through an investment advisor or brokerage firm.

Estates and Trusts are required to file annual income tax returns on Form 1041. Assistance is provided in determining the filing requirements, identifying income to report, deductions to claim and the necessary reporting to heirs and beneficiaries.

Individual/Personal Income Tax Return Preparation

Services Overview

Business Income Tax Returns

Fiduciary (Estate & Trust) Income Tax Returns

State Income Tax Returns

Tax Planning

Accounting Services - Quickbooks - Payroll Services