Go Back  The Hull Truth - Boating and Fishing Forum > BOATING FORUMS > Dockside Chat
Reload this Page >

Tax Preparation - What do you pay?

Notices

Tax Preparation - What do you pay?

Old 02-06-2010, 01:54 PM
  #1  
Senior Member
Thread Starter
 
Join Date: Oct 2009
Location: One bridge south of Clearwater Beach
Posts: 1,099
Default Tax Preparation - What do you pay?

On your personal federal tax return, using form 1040 (long or short) what do you pay? Not talking about having returns prepared for a business or the W-2's or 1099's prepared for someone who make work for you , but your own personal returns (which includes self employed individuals). I know some of you use Turbo tax or whatever home programs are available, so no comment needed from you. Just asking the people who pay someone to prepare their taxes, doesn't matter if your married or single, kids or not, own a home, have brokerage accts, etc.....just trying to get an idea of what others pay or consider reasonable.
Diverboy is online now  
Old 02-06-2010, 01:57 PM
  #2  
Senior MemberCaptains Club Member
 
Join Date: Aug 2002
Location: St. Augustine, Fl
Posts: 21,828
Default

I think mine runs 250 bucks...for a 1040 Long, professionally done
Cracker is offline  
Old 02-06-2010, 02:21 PM
  #3  
Senior MemberCaptains Club Member
 
Join Date: May 2005
Location: Marion MA
Posts: 472
Default

The firm is a CPA and it costs between $250-and $300. If the owner of the company does it its $400.
Bruce H is offline  
Old 02-06-2010, 02:31 PM
  #4  
Admirals ClubCaptains Club Member Admiral's Club Member
 
Join Date: Oct 2002
Location: anderson, sc
Posts: 18,575
Default

I do not pay for mine since this is what I do for a living

We are not a CPA firm but just a small Tax Prep and Bookkeeping office. I one full time employee and two part times during tax season

Most of my basic personal returns run around $100-125, naturally more for misc schedules and business returns

I honestly have no idea what others charge except for the franchises(we get a lot of their business due to their rates) and the others in same business that I know
tprice is offline  
Old 02-06-2010, 02:32 PM
  #5  
Senior Member
 
Join Date: Feb 2003
Location: Jacksonville, Florida, US
Posts: 14,527
Default

Between 750-950 the past four years.

I used to use H&R Block but then I started bouncing around AMT, complicated by trying to get at a substantial credit, annually exercising stock options etc. so needed to go a bit more up-market.

Last edited by Menzies; 02-06-2010 at 03:00 PM.
Menzies is offline  
Old 02-06-2010, 02:35 PM
  #6  
Senior MemberCaptains Club Member
 
Join Date: Jun 2001
Location: CT
Posts: 18,360
Default

250 to 350

I used to do it myself until the AMT hit and I could never reconcile with the IRS's corrections of my return, and the next year I had a mess up due to a theft of my computer and tax records and I had a stack like 3 inches thick of IRS notices and it cost me 2 g's to get it straightened out. But it was worth it to have it over with.
LI Sound Grunt is offline  
Old 02-06-2010, 03:07 PM
  #7  
Admirals Club Admiral's Club Member
 
Join Date: Jan 2007
Location: North Shore , MA
Posts: 1,390
Default

My returns are usually around $500. Including State returns, these reflect rental property and up until last year a small business (which will be starting up again soon)
nausetlight is offline  
Old 02-06-2010, 03:11 PM
  #8  
Senior MemberCaptains Club MemberPLEDGER
 
Join Date: Aug 2001
Location: West Carolina
Posts: 21,936
Default

$275 but he throws in the kids for free and also does our $3,000+ corporate returns.
Shag is offline  
Old 02-06-2010, 03:32 PM
  #9  
Senior MemberCaptains Club Member
 
Join Date: May 2003
Posts: 2,154
Default

last year was 275 i sure like every thing else he will go up a little ill find on feb 16th when he does them
total mayhem is offline  
Old 02-06-2010, 04:11 PM
  #10  
Senior MemberCaptains Club Member
 
Join Date: Aug 2003
Location: Out west
Posts: 3,298
Default

The CPA charged me:

1040
SC 1040
NC D400
Total $375.00

Additional Fees 8.13

Total $383.13

I reside in South Carolina but my job (all wage) is in North Carolina. Hence the extra return and extra expense. My wife works part time for her Dermotologist friend one day a week and also generates a W-2. (Her income is several thousand bucks)

I'm a Federal Employee and only have a W-2. Like most, I used to have "investment income." What a joke. This year maybe only a couple grand in "interest and investment income."

There you have it. Three returns and about $380. The CPA e-filed so I didn't have to send the returns. I did owe payments to the feds and to SC. NC is giving me a refund of a whopping $144. (Doesn't cover the CPA)

The hell of it is, 2008 I had to pay AMT, but not this year. My overall pay hardly increased. Go figure???

I dropped off my crap and had my returns several days later. The CPA obviously has good software to quickly process my returns. Good for him. I couldn't even attempt to do it myself.
dssmith is offline  
Old 02-06-2010, 04:13 PM
  #11  
Senior Member
 
Join Date: Jan 2009
Location: Dania, Florida
Posts: 517
Default

Geitner uses Turbo Tax and it has saved him money.
reellucky954 is offline  
Old 02-06-2010, 04:17 PM
  #12  
Senior MemberCaptains Club Member
 
Join Date: Jan 2006
Location: Lanoka Harbor, NJ
Posts: 1,655
Default

79.99 for turbo tax smll business and it is very straight forward and simple.. I like the fact that I can take two weeks to do my taxes since it gives me time to remember things that I may have missed (expenses, etc).. I used to hate going to prepare everything for my accountant and ended up always forgetting something.
romanonj is offline  
Old 02-06-2010, 04:19 PM
  #13  
Senior Member
 
Join Date: Jan 2010
Posts: 3,846
Default

I pay between $500 and $600; I have a small business and own some property. A few forms. Not much else that's too complicated.
RedSoxMan is offline  
Old 02-06-2010, 06:55 PM
  #14  
Senior MemberCaptains Club Member
 
Join Date: Mar 2002
Location: CMCH NJ
Posts: 2,438
Default

basic return itemized deductions some investment income plus NJ end efiled-225-250

You want to sit and BS it costs more

Stay away from rapid refund-kid I know files head of household 1 dependent w2 unemployment and HR Block charged him 250

If return gets accepted by IRS by thurs at 11 it is in your account the following friday(in most cases)
Spooled is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Thread Tools
Search this Thread