Individual Tax Preparation
At Lawrence Tax Service (LTS), we are proud to feature a multi-generational team, with roots in tax preparation dating back to the 1970s and 1980s. Our commitment to the craft of tax preparation and planning is enhanced by our use of cutting-edge tax software and resources. Our team comprises highly skilled enrolled agents (EAs), CPAs, and tax attorneys, each ready to address your unique tax challenges. We cherish the long-term relationships we build with our clients, grounded in a personal, advisory approach that guides you through the complexities of tax management.
The tax landscape is constantly evolving, and every year brings significant changes to both federal and state tax forms. The familiar formats have been overhauled, and new forms have been introduced to align with recent tax law changes. Despite these updates, it is important to note that states like California have not fully conformed to the federal adjustments. This divergence, particularly in how California treats income and expenses, marks a departure from past practices, affecting how items like home interest and property taxes are reported, and the handling of dependent and "Kiddie" tax deductions.
Moreover, if you have income from rentals, partnerships, S corporations, or self-employment, you may be eligible for a new and potentially substantial deduction on your federal tax return.
Our doors do not close after tax season. We are here for you year-round, ready to assist during all months, not just when taxes are due. We encourage our clients to actively participate in the tax preparation process. For ease of collecting your financial information, please explore the data collection resources available on our website's home page. These tools are designed to streamline your tax preparation experience, making your interactions with us as efficient as possible.