Individual Income Tax Preparation Fees
How much would you charge to do my individual tax return?
I'm sure this is breaking some secret CPA billing practice but instead of giving the usual "IT DEPENDS" answer. Here are some average Form 1040 prices for potential clients to consider.
Standard 1040 Deduction with W-2 $100.00.
Form 1040 with W-2 income and a limited Schedule A (mortage interest, property taxes and charitable deductions) average $170.00
If your From 1040 return also requires Schedule B (dividends & interest income) average $190.00.
Additional Forms are Schedule C for Business Income Loss which average $260.00, Schedule D for Stock Sales, etc. average $225.00. Schedule E for rental properties, pensions & annuties, etc. average $325.00.
Complex Form 1040's average $475 and up.
The price mainly depends on how well organized your business records are and the amount of time I have to spend digging through receipts. Naturally, I'm quite versed in the ART of receipt digging and I don't mind as long as you understand there is additional cost involved.
If you have a complex individual tax return and would like a free estimate, I can give a fair price estimation from reviewing your last year's tax return. Just fax, scan or mail me a copy of the return and if you decide to use someone else I'll be happy to mail back all of your information FREE OF CHARGE.
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