There are no two tax returns that are the same and giving you an exact dollar amount that your return will cost is a difficult question. I will be using a calculator that includes the length of time I work on your return, the forms that are filled out, and the level of complexity that go into it. I can give you some starting points and what to expect.
Basic 1040 – $185
This is the bottom line most basic of returns. When additional forms are added to the return, forms like Schedule C, E, and F, each add 50 dollars to the cost. This is for small businesses, rentals, and farms. Schedule D sale of an asset is a 20-dollar increase, as well as the Earned Income Credit, Energy efficient credits, and items in line with this.
Dependent return – $115
A dependent return is for a child who works and lives at home with their parents or is away at college and being claimed by their parents.
There is not an hourly set rate but I do track the total time that goes into the preparation of your return.
If you would like to receive a paper copy of your return an additional fee of 20 dollars is added. If you would need any forms mailed by mail there is also a 20-dollar fee. Luckily most of our work can be completed through our computers.
A mid 4 or 5 hundred dollar bill would not be out of line for a complicated return for perspective. The baseline is for a minimal return without much aside from some w-2s or retirement income.
After completing your return I will complete an invoice and include this in the document I send that requests your electronic signature. We will not file your return until your payment has been collected.