Our billing of the our services will be based the number of required forms (charged by form). We charge more fee for some forms than others. We also charge hourly rate by the time required for the services(by rate), as well as the complexity of your return (by scope). We also will give consideration to the time limitations imposed on us by others, the nature of the service, the level of cooperation by the client, and the value of the services to the client as well.
Business Formation
Initial Registration
$125 + state filing
Employer Identification Number (EIN)
$75
State tax account registration
$100
Annual Report
$75 + state filing
Single Member Operating Agreement template (SMLLC)
$100
Multiple member Operating Agreement template (SMLLC)
$150
Bylaws Agreement template (Corporations)
$150
S Corp Election, Timely Election (within 75 days)
$100
Late S Corp election back to January
$150
Preparation of form 1023 Federal Application for Tax Exempt Status
$400
Accounting
QuickBooks Setup and support
$250
Monthly Accounting(based on 2 bank account with less than 50 monthly transactions)
$200 per month
Quarterly review and reconciliation
$250
Annual review and reconciliation
600
Income Statement
150
Balance sheet
150
Payroll
Payroll Accounts Setup
$150
Employee payroll(1-2)
$50 per month
Employee payroll (over 2)
$10 per EE
Quarterly payroll tax return (941/RT6)
$100
Annually unemployment tax (Form 940)
$75
Annually wages report W2/W3 (minimum $50)
$25 per EE
Form1099s (minimum $50)
$25
IndividualTax preparation & Filing
Sales tax (per return)
$75
Tangible personal Property tax
$100
Non-Resident Federal Tax return(Form 1040NR)
$175 (minimum fee)
Individual tax return (Form 1040)
$150(minimum fee)
Dual status tax return
$250
Schedule A(itemized deductions)
$75
Schedule B(Interest and dividends/td>
$75
Schedule C (business)
$125 (each)
Schedule D (Capital gain and loss)
$25 (per broker statement)
Schedule E (rental)
$100 (each)
Schedule EIC (Earned income credit
$45
1040X(Individual Federal Amended tax return)
$250 (minimum fee)
Form 8863 -Refundable tuition credit
25
Individual State income tax
$75
Additional State income tax
$100
Form 8938(Statement of Specified Foreign Financial Assets)
$20 per account
Treasury Form 114: FBAR(Foreign Financial Assets)
$100 ($20 per account if more than 4)
Forms 8288/8288-A
$200
Form 8288-B (Application for Withholding Exemption on Sale of Real Estate)
$450
Delinquent Filing- Streamlined Procedure
3 US Federal Income Tax Returns
6 FBARs
Statement of Non-Willful Conduct
$925
Business and Other tax forms
Form 709(Gift tax)
$400
Form 1041(Fiduciary)
$350
Form 706(Estate)
$1500
Business federal income tax returns (1120, 1120S, 1065)
300
Form 990(Exempt Organization)
$300
Form 4797 -Sale of business and property
100
Form 5471
$300
Form 5472
$250
Business state income tax return
$100
Forms 3520/3520A Returns to report transactions with foreign trusts, ownership of foreign trusts and receipts of large gifts from foreign persons.
150
Form 8865- Return for partners of certain foreign partnerships
250
Form 8858 Information return for owners of foreign disregarded entities and foreign branches
250
Tax Exempt federal return (Form 990)
$450
Form 1120DE/5472 for Single Member LLCs with Nonresident Alien Owners
$250
IRS Representation
Tracking lost checks
$100
First time penalty abatement request
$100
Reasonable cause penalty abatement request
$180
Responding to IRS correspondence
$100
Audit
$350
Tax court
$400
Offer in compromise/audit reconsideration
$780
Other Fess
Tax Planning or/and Consultations
$175 per hour
Tax Payments(each time)
$25
W7/W7-COA(TIN application as a Certifying Acceptance)
$150
Form W7 alone when a tax return is not prepared by us
$200
How to Reduce Your Tax Preparation Fee
Keep organized record throughout the year Bring all documents in good order to reduce the time we spend, even if it is a rush job.
Provide complete documentation upfront: Incomplete documentation may cause multiple follow-up requests for missing documentation. This can increase risk of errors and require amendments.
Void the last minute: An urgent, last-minute filing or service can increase total costs significantly. We charge urgent fee, often applied as “rush fees” when work must be completed outside normal business hours or by sacrificing other client timelines. 20% of “rush fees” applied when we receive documents less then 10 days before the due date of the tax return.