Personal Returns

Many of our clients do not file a separate business return. Instead their business activity is reported on their Schedule C or Schedule E on their personal return. We offer the following services with all of our personal tax returns:

  • Review your company chart of accounts and software setup (if you use QuickBooks)
  • Reconcile balance sheet accounts and select income statement accounts from the general ledger to the supporting documents
  • Review transactions for “Red Flag” transactions and compliance with the latest tax laws
  • Identify opportunities to reduce taxes on the current year and future year’s tax returns
  • Prepare a written plan for you to follow next year to reduce your taxes, stay in compliance with tax laws and make your estimated tax payments
  • Answer short questions via phone or email throughout the year at no additional charge.
 

Our pricing is based on national averages compiled by the National Society of Accountants Income and Fees Survey. We don’t want you to be surprised by your tax preparation bill so we have listed the starting prices of common forms below. Your pricing will also be determined by the complexity of your transactions, organization of your source documents and timeliness of your responses to our questions during the preparation process.

Starting Prices for Common Personal Return Forms

Our personal returns have a minimum price of $500 unless prepared in conjunction with a separate business tax return.

  FORM
1040
  1040  Base Return Price$135
  1040-ES  Estimated Tax Payments$15
  Income  Income Source Documents (in Excess of 5)$5
  Schedule A  Itemized Decuctions$75
  Schedule B  Interest and Ordinary Dividends (per Item)$5
  Schedule C  Profit and Loss from Business$125
  Schedule D  Capital Gains & Losses (per Item)$5
  Schedule E P1  Income or Loss from Rental (per Rental)$75
  Schedule E P2  Income from Partnerships & S Corps (per K-1)$25
  Schedule EIC  Earned Income Credit$100
  Form 982  Discharge of Indebtedness$35
  Form 2106  Employee Business Expense$40
  Form 2441  Child and Dependent Care Expenses$30
  Form 3903  Moving Expenses$30
  Form 4562  Depreciation & Amortization$10
  Form 4797  Sale of Business Property (per Item)$65
  Form 6252  Installment Sale$40
  Form 4868  Automatic Extension$25
  Form 8283  Noncash Charitable Contributions$30
  Form 8594  Asset Acquisition Statement$20
  Form 8824  Like-Kind Exchanges$75
  Form 8829  Expense for Business Use of Home$35
  Form 8846  Credit for Employer SS & Med Taxes on Tips$15
  Form 8863  Education Credits$35
  Form 8881  Credit for Small Employer Pension Plan Costs$15
  Form 8941  Credit for Small Employer Health Insurance Premium$50
  Form 8949  Sale and Other Dispositions of Capital Assets$40
  Form 8962  Premium Tax Credits$50
  Depreciation  Schedule$10
  Depreciation  Each Item$1
  State Return  Preparation of State Income Tax Returns$65
  Prep Work  Bookkeeping and other work to calculate figures prior to entering
  on tax return
Hourly Rates
  Meetings  Meetings in the Office Hourly Rates
  Tax Planning  Tax Planning Services and other calculationsHourly Rates

To schedule your free consultation, please complete the New Client Questionnaire by clicking below and we will call you back to schedule a time.

 
     
 
All Rights Reserved Adam Hodson CPA