Individual & Family Tax Services

When a person passes, the financial aspect of tending to their affairs can be confusing. We can help guide you, step by step, through the Estate tax process. We have expertise in filing Estate tax returns (706 and MA M-706) and Fiduciary income tax returns. We work closely with attorneys and personal representatives to identify the Estate’s assets, pay debts, and distribute the assets in accordance with the will to close out the Estate.

The federal gift tax exclusion amount for the calendar year 2022 is $16,000. The exclusion covers gifts you make to each recipient this year. Therefore, a taxpayer with four children can transfer $64,000 to the children every year free of federal gift taxes ($128,000 if you use a gift-splitting strategy with your spouse). LGA can help you with gift tax planning and compliance to maximize the amount you can pass on to your beneficiaries tax-free.

Please exercise caution when communicating with someone claiming to be from the IRS or state agencies as there is a considerable amount of fraud in this area.  If you need help with a legitimate IRS or state tax notice or audit, LGA can help.  Our tax professionals have decades of experience working with these regulatory agencies to resolve notices and audits stemming from a variety of causes, whether due to taxpayer oversight or neglect, or improper assessments due to the lack of substantiation or explanation.  We can file amended tax returns as necessary and even assist non-filers to become current through the filing of prior year tax returns. Let our team represent you and communicate with the IRS or state agency on your behalf.