Tax preparation fee based on the complexity of the return. Simple individual returns may cost a few hundred dollars. Multiple income sources, rental properties, business ownership, investments, and multi-state filings and tax planning can increase complexity and fee. Most firms confirm pricing after reviewing the full tax situations, such as prior-year issues, income sources, business activity, state filing requirements, advisory level needed and the quality of bookkeeping records. This process ensured the fee matched the actual work required.
Base fee (by Type)
Our basic minimum fee is based on entity type and complexity. It reflects its complexity to some extend. It typically include
- Return preparation and e-filing
- K-1 preparation
- State returns (quoted separately based on your states)
- basic consultation about tax implications
- Reasonable questions throughout the year
- Planning recommendations with every return
What it not includes:
- Undisclosed tax situations
- estimated payment calculation
- Prior year admendment
- advisory services and tax planning beyond a return
- multi-year back taxes
- Representation you in IRS audit
| tax return Type | Average Range | Ours |
|---|---|---|
| Basic 1040 | 150-450 | 150 |
| Schedule A: itemized deductions | 100-200 | 100 |
| Schedule C: sole proprietor | 200-350 | 200 |
| Schedule D: sole proprietor | 100-150 | 100 |
| Schedule E: sole proprietor | 150-300 | 150 |
| LLC/Partnership (Form 1065) | 900-2500 | 450 |
| S-Corp (Form 1120S) | 1200-3400 | 450 |
| C-Corp (Form 1120) | 1500-4200 | 500 |
| 1041 (Estate/Trust) | 600-1500 | 550 |
| Nonprofit org(Form 990) | 500-1500 | 550 |
Hourly billing applied to the following items:
- Bookkeeping services
- cleaning up messy books
- Redoing, recalculating, and redelivering tax returns that have already been completed
- Managing client data that comes in piece meal rather than in a simple organizer
- Spending extra time on the phone or in person with clients
How can I lower my tax preparation costs?
- Organized records,
- clean bookkeeping,
- fast responses to document requests
- 10% Early bird discount before March
- 20% expedited service premiums within 15 days to due date