TAX RETURN PREPARATION fees are based on forms used in the return AND THE TIME AND EXPERTISE REQUIRED, include Electronic filing and any one State filing.  Tax Returns will not be released to client for removal from our office (even in “draft” printed or PDF format), or e-filed until our fees are paid in full.

Individual Returns

  • $60 Form 1040EZ ~ $40 for a 1040EZ for your Dependent Child/Student under age 24 if we prepare your return.
  • $125 Form 1040/1040A (no itemized deductions).
  • $80 Itemized Deductions Schedule-A, PLUS:
  • $25 Form 2106 Unreimbursed Employee Expense.
  • $25 Form 8829 Employee Office in the Home.
  • $10 Form 8863 Education Credits.
  • $5 Form 1095-OTR Health Insurance Coverage.
  • $25 Form 8962 Health Insurance Premium Tax Credit.
  • $25 Form 8965 Health coverage Exemption.
  • $10 Form 8283 Non-Cash Donations Greater Than $500 per Recipient.
  • $50 Form 4684 Casualty Losses, per loss, except for Presidentially Declared Disaster Losses which are free of charge.
  • $10 Interest & Dividend Income Schedule-B for the first 4 entries. Any additional entries will be $2.00 each. If you have a Foreign account or Trust, a separate form will be required and the fee is $100.
  • $180 Business Schedule-C or Farm Schedule-F (Minimum fee) – our Average last year was $275, including Auto Expense Worksheet (up to 3 vehicles – additional vehicles $15 each), Depreciation Form 4562, Office in Home Form 8829, and Self-Employment Tax Schedule SE.  Businesses are Audit Targets.  Income verification required, bring your business bank statements, and completed bookkeeping.  (IF YOU BRING ONLY RECEIPTS AND BANK STATEMENTS, YOU WILL BE CHARGED $75/HR IN ADDITION TO THE MINIMUM FEE).
  • $20 Capital Gain/Loss Schedule-D (non-business).
  • $45 Capital Gain/Loss Form 4794 (business or rental) each sale.
  • $80 Rental Income Schedule-E (Residential and Commercial Rentals) (Minimum Fee per each property and includes Depreciation Form 4562, and Passive Loss Limitation Form 8582 and related Worksheets). Income and Depreciation on Rentals are Audit Targets.  Bring your prop statements and HUD statements from purchase and Improvement Loans.
  • $75 Farm Rental-Form 4835 (per each property and includes Depreciation Form 4562, and Passive Loss Limitation Form 8582 and related Worksheets).
  • $20 per page Gambling Winnings Forms W2G, (up to 4 forms per page).
  • $5 per Wage Income Form W2, for each in excess of 4 forms.
  • $5 per Retirement/Pension Income Forms 1099-R, for each in excess of 4 forms.
  • $5 per Miscellaneous Income Forms 1099-MISC, for each in excess of 3 forms.
  • $50 Extensions (pre-paid).
  • $75 ($195 total) Earned Income Tax Credit (EITC) (parents with children) due to new “due diligence requirements placed by IRS on Tax Preparers we shall require the following, additional documentation to be provided by the Taxpayer: school, child care provider, landlord, medical or other records that designate the child’s place of residency as that of the Taxpayer; if child is disabled a Doctor, health care provider, or Social Services agency statement; if parent is self-employed a copy of your business license, and records of gross receipts and expenses provided by Taxpayer. NOTE: We are now required to retain these documents for 3 years.
  • $50 each for 2nd or additional State returns.
  • $125 Minimum Fee Retainer for Amendments.

Not all Forms/Schedules that may be needed for your return are listed above.

Prior year Non-Filers must pay a $195 per year, Non-refundable, Minimum Fee Retainer, execute an IRS Power of Attorney Form 2848, provide full relevant documentation (before our work commences), and must also agree to have no further direct contact with IRS.

Corporation Returns

CORPORATION (“C” or “S”), PARTNERSHIP, LLC RETURNS preparation fees are based on the time and expertise required, and the complexity and degree of organization of your data.

Corporate or LLC Minimum Fee is $575 (plus $15 for each participant Schedule-K-1) for a Services only entity that does not require a Balance Sheet (i.e., Gross Receipts are under $250,000 and Total Corporate Assets are under $250,000, or $600,000 in Assets for Partnership/LLC). Fee charged includes electronic filing (if available) and one State Return if required.

NOTE:

If the entity sells products, carries inventory, or exceeds the above amounts, the return will be required to file a Balance Sheet — that will add $175 to the Minimum Fee, making it $750. If additional Schedules or Forms are

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required there will be an additional fee for each such Schedule of Form.

NOTE:

Our bookkeeping clients receive a discount of $100 on the corporate tax return fees.

Estate Returns

ESTATE RETURNS (“Death Taxes”) are subject to a $1,200 Non Refundable Minimum Fee Retainer, require the execution of a Form 2848 IRS Power of Attorney by the Executor, and are based on the time and expertise required, the degree of organization of your data and supporting documents, and whether there are any challenges by the IRS to Asset Valuations reported.

Non-Profit Returns

NON-PROFIT RETURNS (for Taxable Foundations or Sec. 501(c) Tax-Exempt Organizations), Forms 990 or 990EZ, are based on the time and expertise required and the degree of organization of your data. Minimum Fee is $575 providing there is no “Unrelated Business Income” (that is taxable and requires an additional Form 990-T filing with a Minimum Fee of $125). Fees includes electronic filing (if available) and one State.

Trust Returns

TRUST RETURNS (Fiduciary Returns) are based on the time and expertise required and the degree of organization of your data. Minimum Fee is $575 (for a Simple or Grantor Living Trust), or $600 (for a Complex or Decedent’s Estate Trust), plus $15 for each Beneficiary Schedule-K-1.  Fee includes electronic filing (if available) and one State.  If additional Schedules or Forms are required there will be an additional fee for each.