2023 – Tax Preparation – Fee Schedule. We offer three packages for 1040 Tax returns

“GOLD” Package includes:

  • Complex Individual Tax returns
  • Capital Gains
  • Cancellation of debt income.
  • Depreciation of Assets
  • Adoption Credit
  • Itemized deductions
  • Mortgage Interest, & Property Tax deduction
  • Sale of stocks, bonds, mutual funds, or options for an employee stock plan
  • Passive Foreign Investment company
  • Installment Sales
  • Child Tax credit
  • Child Care credit
  • Beneficiary of an estate or trust (received a K-1 form)
  • Qualified Business Income deduction from S-Corps, Trusts, REITS, and Partnerships
  • Foreign Tax Credit
  • Foreign Earned Income exclusion
  • Surtaxes: Net Investment Income Tax, Additional Medicare Tax

Price: $945 for the GOLD package

Extras:
  1. State Income Tax return: $315 for each state
  2. Partnerships & S-Corp distributions K1s (Includes calculating basis): $158 each
  3. “Like-Kind” Exchanges (Section 1031) for Real Estate: $630
  4. FBAR filing -Foreign Bank Account Reporting with FinCEN: $315 each FBAR

FinCEN is a bureau of the U.S. Department of the Treasury. FinCEN’s mission is to safeguard the financial system from illicit use and combat money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities.

“LANDLORD” Package

Every thing in the “Gold Package”, plus:

  • One Rental Property
  • Qualified Business Income deduction if operating as an active business

Price: $1,418 for the LANDLORD package

Extras:
  • Additional rental properties: $210 each property

“BUSINESS OWNER” Package

Typical owner profile:

  • More than two years in business
  • Up to five employees
  • Contractors – Painting, Construction
  • Service business – Retail, Laundromats, Online business
  • Established consultants
  • Established Real Estate agents & Insurance agents
  • Top line usually above $150,000
  • Usually they will benefit by operating under a more formal business structure

Every thing in the “Gold Package”, plus:

  • One Sole Proprietor business or Single Member LLC taxed as a Sole Proprietor
  • Qualified Business Income Deduction

Price: $1,785 for the “BUSINESS OWNER” package

ENTITY Tax returns

  • Partnership & Multi-member LLC Income Tax Return (Form 1065)
    • Up to 4 Partners or LLC members
  • S-Corporation Income Tax Return (Form 1120S)
    • Up to 4 shareholders
  • C-Corporation Income Tax Return (From 1120)
    • Up to 4 shareholders

Price: Starting at $3,150. Call 253-987-1770 for discussing your situation.

Final Estate Tax return

  • Final Estate Tax return (Form 706)
  • Deceased Spouse Unused Exemption – “DSUE” Election – Form 706

Price:

Final Estate Tax return: Starting at $7,350. Call 253-987-1770 for discussing your situation.

       ** DSUE Election – $2,100

Estate & Trust Income Tax returns

  • Trust & Estate Income Tax Return (From 1041)

Price:

Starting at $3,150. Call 253-987-1770 for discussing your situation.

Tax Consultation by the hour

Do you have a need for a “Tax Consultation” ? We offer WEB and In-Person consultations.

Our Tax Consultation rate is $350 per hour. Minimum of 1 hour, additional time billed in 30 minute increments.