TAX PREPARATION

Tax preparation is a detailed and essential process that involves collecting financial documents, organizing information, completing tax forms, applying deductions and credits, and reviewing and submitting your return

Proper tax preparation ensures compliance with tax laws, accuracy in calculations, and maximized refunds, providing peace of mind throughout the tax season.

Comprehensive Tax Preparation Services

At Lightway Tax Solutions, we offer a wide range of tax preparation services to meet all your needs. Whether you’re an individual, a business owner, or dealing with specific tax situations, our expert team is here to help.

Individual Tax Returns

Our experts handle everything from basic forms to complex situations, maximizing your refund and minimizing your stress. Whether you’re a salaried employee, freelancer, or retiree, we have the expertise to optimize your return.

Multi-State Tax Returns

Operating or living in multiple states can complicate your tax situation. Our multi-state tax return services ensure compliance across all jurisdictions. We navigate the varying state tax laws and regulations to accurately prepare and file your returns, ensuring you meet all requirements and avoid potential penalties

Retirement

Whether you’re contributing to retirement accounts or withdrawing funds, we ensure your retirement-related taxes are handled correctly. We help you understand the tax implications of different retirement accounts and strategize to maximize your retirement savings.

Small Business Tax Returns

Our team specializes in small business tax preparation, providing tailored solutions to meet your specific needs. We ensure compliance with tax laws, identify all eligible deductions, and strategize to minimize your tax liability..

Investment/Capital Gains

Investing can lead to complex tax scenarios. We provide comprehensive services to accurately report your investment income, manage capital gains and losses, and apply appropriate deductions to reduce your tax burden

Child & Dependents

Claiming children and dependents can significantly impact your tax situation. We help you navigate the eligibility requirements for credits such as the Child Tax Credit and Dependent Care Credit, ensuring you receive the maximum benefit.

Past Tax Returns

Our team specializes in small business tax preparation, providing tailored solutions to meet your specific needs. We ensure compliance with tax laws, identify all eligible deductions, and strategize to minimize your tax liability..

Military

Military personnel face unique tax situations, including different rules for income earned while on active duty. We understand these complexities and ensure that all applicable exclusions, deductions, and credits are applied to minimize your tax liability.

K-1 Forms for Partnerships and S-Corporations

If you're part of a partnership or S-Corporation, accurate K-1 form preparation is crucial. These forms report your share of the business’s income, deductions, and credits. We ensure your K-1 forms are completed correctly, reflecting your financial involvement accurately to prevent any issues with your personal tax returns.

Student

If you’re a student, there are several education-related credits and deductions you might qualify for. We help you claim education credits, such as the American Opportunity Credit and Lifetime Learning Credit, and ensure that your tuition payments, student loan interest, and other education expenses are accurately reported.

Previous Year Returns

If you’ve missed filing in previous years, we can help you catch up. Our past tax return services involve gathering necessary documents, preparing and filing overdue returns, and working to minimize any penalties or interest. We help you get back in good standing with the IRS and state tax authorities.