IRS Form or Schedule Description Minimum Fee 2019-20 Additional Fees and Comments
FORM 1040
Schedule A
Schedule B
Individuals with interest, dividend, Soc Sec and pension type income, and itemized deductions (medical, real estate taxes, mortgage interest, charitable contributions) $620
Included
Each category of income can generally be from 1 – 5 sources, but as volume of accounts increase so does the fee. Other Forms and schedules not listed below may result in an increase in fee.
Sch C
Form 8879
Depreciation
Separate business including Business Use of Home, Depreciable Assets & Vehicle Mileage $270 Separate engagement required if we must compile or prepare your financial statements before preparing your tax return.
Sch D Gains / losses from dispositions of capital investments $200+
(depends upon # of sales transactions)
Fee can increase if cost basis work is required, other reconciliations (e.g. certain stock options or ESOP’s), etc.
Sch E Real estate rental and/or and royalty income / Publicly Traded Partnerships (K-1) $195 / $325 ea Plus $475 in year of sale; $2,100+ 1031 Exchange
State income tax returns Each additional State $245-$425
Dependent Child’s 1040 Unearned Income Federal only $385
FORM 1065 Partnership (Books reconciled to prior year tax return and to subsidiary ledgers or accounts) $1,660 + $125 each partner > 2. Additional charges apply other forms, quantity of depreciable items, and complexity of company.
FORM 1120 S S-Corporation (Books reconciled to prior year tax return and to subsidiary ledgers or accounts) $1,660 + $125 each shareholder > 2. Additional charges apply other forms, quantity of depreciable items, and complexity of company.
FORM 1120 C Corporation (Books reconciled to prior year tax return and to subsidiary ledgers or accounts) $1,950 + Additional charges apply for other forms, quantity of depreciable items, and complexity of company.
State income tax returns Partnership Tax Return (each State) $365 $50 each partner > 2
State income tax returns Corporation Tax Return (each State) $400 $125 each partner > 2
Foreign Reporting Forms Corporation or ownership of 20% ore more $2,000+ Depends on intercompany transfer pricing and other issues
Rush Prep Charge Tax return source documents and requests received between Mar 21-Apr 15 or between Sept 21-Oct 15 $225
Amended Returns Correction to prior year $620+ Depends on issues

 

Payment Terms: deposit due upfront ($620 personal, $985 corporation); balance due at the time the tax return is delivered.

Progress Payment for work performed through April 15 is required if a tax return is extended.

Discounts provided to those business clients we perform year-round advanced accounting and Advanced/CFO services.

Tax correspondence, research, analysis, tax planning and audit support are billed at our standard hourly rate of $255.