Professional Income Tax Services in the Merrimack Valley and Greater Newburyport, Massachusetts area.

Income Tax Services

If you seek an experienced tax professional not only to assist you with your income tax preparation, and in conjunction with an independent financial advisor, explain the results beyond the forms and numbers, you’ve arrived at your intended destination. My rates are affordable, and I offer friendly, personalized services.

Tax Preparation

I have extensive income tax preparation experience.
  • Individuals – Form 1040 and all states/cities
  • S Corporations – Form 1120S and all states
  • Partnerships and multi-member LLCs – Form 1065 and all states
  • Estates and Trusts – Form 1041 and Form 706
Preparing your own income tax return can be a task that leaves you with more questions than answers. Many tax returns are complicated and often, self-prepared returns result in notices from the IRS and state tax authorities. The notices are never pleasant. Navigating your way through a complicated tax return is time consuming, and the risk of error increases with every form you need to file; ease the burden. Reduce errors, an error on your return can delay the refund due to you and if you err and the mistake results in a tax liability, interest and fines accrue from the date you filed the taxes. The tax rules are complicated and without adequate tax research software that cites regulations and court cases, you are exposed to notices, penalties, and interest.
Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there’s no substitute for the assistance of an experienced tax professional.

Tax Planning

Tax planning begins with the preparation of the current year tax return and transitions to the future to understand how items on the current return may benefit in future years or by adjusting estimated tax payments and withholding to match sales of appreciated securities, periodic bonus payments, commissions, and stock grants.

Tax Difficulties

As previously indicated, tax notices are never pleasant and usually are quite difficult to address by most taxpayers. It is always recommended that a tax professional be retained to address the tax issues with the tax authorities.

The tax authorities have complete access to all sources of income reported by third parties; whether the reporting is facilitated through the issuance of W-2s, 1099-INT, 1099-B, K-1s, etc. And, the notices that are sent, take the worse-case position of all income being counted without any deductions to offset that income. There is a very limited time to respond to these notices and failure to do so may invoke the tax authorities’ power to place liens on your financial accounts and real estate assets. Don’t endeavor to settle these deficiencies on your own.

Personal Financial Planning

I work with my son Dan LaBroad to understand your financial goals and develop a plan to achieve those goals. Dan is an advisor that is independent of and not affiliated with William F. LaBroad, CPA. Therefore, for me to share information with Dan, I need your prior consent to release any financial information to him or any other third party, please follow this link to a blank consent form.