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Tax Preparation - What do you pay?


Tax Preparation - What do you pay?

Old 02-06-2010, 01:54 PM
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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.
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Old 02-06-2010, 01:57 PM
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I think mine runs 250 bucks...for a 1040 Long, professionally done
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Old 02-06-2010, 02:21 PM
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The firm is a CPA and it costs between $250-and $300. If the owner of the company does it its $400.
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Old 02-06-2010, 02:31 PM
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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
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Old 02-06-2010, 02:32 PM
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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.
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Old 02-06-2010, 02:35 PM
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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.
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Old 02-06-2010, 03:07 PM
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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)
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Old 02-06-2010, 03:11 PM
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$275 but he throws in the kids for free and also does our $3,000+ corporate returns.
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Old 02-06-2010, 03:32 PM
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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
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Old 02-06-2010, 04:11 PM
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The CPA charged me:

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.
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Old 02-06-2010, 04:13 PM
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Geitner uses Turbo Tax and it has saved him money.
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Old 02-06-2010, 04:17 PM
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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.
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Old 02-06-2010, 04:19 PM
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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.
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Old 02-06-2010, 06:55 PM
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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)
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