Sample Tax Return Preparation
Example 1: 1040 Simple
W2 Income only, no dependents. Assume Federal and 1 State for all below tax situations. Average Price $175 – 200
Example 2: 1040 with Dependents & Standard Deduction
W2 Income. Interest/Dividend Income. Childcare expenses. Education expenses. Earned Income Credit. Federal and 1 State.) Avergage Price $225 – 275
Example 3: Long 1040 w/Additional Income & Itemized Deductions
Income from Wages, Interest/Dividend, Unemployment, Pension, Social Security. Itemized Deductions. Unreimbursed employee expenses. Childcare expenses. Education expenses.
Average Price $300 – 400
Example 4: Long 1040 with Stock Sales
All facts same as example 3. Include Stock Sales and assume less than 10 transactions for investor NOT trader. Average Price $300 – 450
Example 5: Long 1040 with Rental property
All facts same as example 3. Assume single rental property. Average Price $300 – 500
Example 6: Long 1040 with Small Business (Schedule C)
All fact same example 3. Assume income/expenses from 1 Small Business. Pricing will vary according to complexity of the return, proper recordkeeping & bookkeeping assistance required.
Low $400, Average $500 – 800, High $800 – $1,200
Additional items that may increase fees
Multiple tax situations:
If your tax situation includes a combination of the above examples
Significant changes from initial tax assessment:
If you provide significant changes or additional tax documents after tax assessment period.
Bookkeeping required for Small Business Tax Return Preparation:
QuickBooks/accounting software training and/or reconstructuing of income/expenses. Average billing between $40/75 per hour.