Tax Preparation Services

Q: What documents do I need for individual tax preparation? A: You'll need your W-2 forms, 1099 forms for any freelance work, records of income and expenses, and last year's tax return. For a personalized checklist, feel free to contact us at INFO@LAGELCAPITAL.COM.

A: To ensure a smooth and accurate tax preparation process, you'll need the following documents:

• W-2 Forms: These are issued by your employer and detail the total amount of money earned during the year as well as the taxes withheld from your paycheck. Ensure you have W-2 forms from all employers you worked for during the tax year.

• 1099 Forms: These forms cover various types of income you might have received outside of traditional employment. Common types include:

  • 1099-MISC: For miscellaneous income such as rental income, prizes, or awards.

  • 1099-NEC: For non-employee compensation, typically used for independent contractors or freelancers.

  • 1099-INT: For interest income from bank accounts or other investments.

  • 1099-DIV: For dividend income from stocks or mutual funds.

  • 1099-G: For government payments, such as unemployment compensation or state tax refunds.

• Other Income Records: This includes any additional income not covered by W-2 or 1099 forms, such as rental income, business income, or alimony received.

• Expense Records: Keep track of any deductible expenses, such as business expenses, educational expenses, and charitable contributions.

• Previous Year's Tax Return: Having a copy of your previous year's tax return can help ensure consistency and accuracy in your current year's filing.

Q: How can I maximize my tax refund? A: Our experts at Lagel Capital will help you identify all eligible deductions and credits, such as business expenses, educational expenses, and charitable contributions. Schedule a consultation for personalized advice.

Payroll Services

Q: What payroll services do you offer? A: We provide comprehensive payroll solutions, including tax calculations, deductions, compliance management, and regular payroll processing.

Q: How do you ensure payroll tax compliance? A: We stay updated with the latest tax regulations and use automated systems to ensure accurate calculations and timely filings.

Business Tax Services

Q: What tax planning strategies do you offer for businesses? A: Our tax planning services include strategic deduction planning, business structure optimization, and long-term tax strategy development. Contact us to discuss your specific business needs.

General Questions

Q: How can I contact Lagel Capital for support? A: Reach us at INFO@LAGELCAPITAL.COM or call 1 866-524-3522. We're here to help with all your tax and payroll needs.