Regardless of fees charged, our commitment to you is to provide the best tax advice and return preparation available, period! This philosophy forms the core value of our belief system and you can be confident we are on your side.
Tax Return Fee Structure
Here is our guide for fees for personal tax return preparation. The fees align the complexity and tax issues along with the expected time needed.
The schedule allows you to determine the fee to prepare your tax return. We will always confirm our fees through an engagement letter before we start a return.
Most tax returns will fit into the fees described below. The following information gives you an idea of our structure.
*** Note *** We use an engagement letter on every job that details the services and costs. Once signed, this is the final price we charge for the services summarized in the engagement letter. If new information or work is uncovered during our thorough preparation process, our fees are adjusted according to the schedule.
Price Overview for CPA Tax Return Fees
$320 for a Form 1040 with Schedule A ** State return $40
$220 for a Form 1040 (non-itemized) ** State return $40
- Minimum tax return preparation fee is $220
- Children returns that are a dependent of a client are not subject to the minimum fee.
Additional Costs for commonly used forms
$180 for Schedule C (business) – Amount varies depending on complexity. Will be confirmed in engagement letter.
$50 for Schedule D -per brokerage statement (sale of stocks)
$120 for Schedule E (rental)
U.S. Individual Income Tax Return:
Form 1040 – Up to three (3) W-2’s
Each additional W-2, $10
Form 1040 ES – Estimated Tax Vouchers – $20
Schedule A – Itemized Deductions- $100
Review closing documents in the first year a house is purchased – $80
Schedule B – Interest and Dividends – First 4 included. $10 each after
Schedule C – Profit and Loss from Business – $180 typical. Complexity and record keeping are the factors. Amount will be confirmed and detailed on engagement letter.
Schedule SE – Self-Employment Tax – Included in schedule c cost
Schedule D – Capital Gains and Losses: $50 per brokerage statement
Form 8949 – Included
Schedule E – Page 1 – Rental Property -$100
Schedule E – Page 2 – Schedule K-1, 2 included, $20 for each one after
Schedule R – Credit for the Elderly or Disabled – Included
Form 1116 – Foreign Tax Credit – Included
Form 2210 – Underpayment of Estimated Tax – Included
Form 2441 – Child and Dependent Care Expenses – $60
Form 2555 – Foreign Earned Income – $75
Form 4137 – Tax on Tip Income – $40
Form 4562 – Depreciation and Amortization – Typically included with form, if not $50 each.
Form 5695 – Residential Energy Credit – $ 60
Form 6251 – Alternative Minimum Tax – $40
Form 6252 – Installment Sale Income -Year of sale – $80 – Subsequent years – $20
Form 8283 – Non-Cash Charitable Contributions – Included in schedule a cost.
Form 8582 – Passive Activity Loss Limitations – $30
Form 8829 – Home Office Deduction – $30
Form 8863 – Education Credits – $50
Extensions, file extension – 25
Business Tax Return (Minimum Fee):
*** Note *** The complexity of preparing a business tax return is significantly greater than preparing a personal tax return. Similar to personal tax returns, an engagement letter will be used summarizing the services provided and fees. These amounts are intended to provide a general idea of costs involved.
Form 1120, U.S. Corporation Income Tax Return – Minimum Fee $500
Form 1120S, U.S. Small Business Income Tax Return – Minimum Fee $500
Form 1065, Partnership (LLC) Return of Income – Minimum Fee $550