Tax Return Pricing

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How Much Does It Really Cost You To Prepare Your Personal Tax Return? 

Many taxpayers think that the latest tax software is all you need for accurate income tax preparation. While I fully relate to the desire to DIY, self-preparation of taxes can be expensive in both time and money. These software programs can often help you file an accurate tax return, but may not inform you of other potential options to save money.

Do you think you're saving money by preparing your tax returns yourself? Think again. If you make $30 per hour and it takes you 5 hours (source: IRS for preparation and filing) of your valuable time to prepare and file your returns, then it just cost you $150. That's 5 hours you could have been spending with the family, fixing something or just relaxing. Then add the cost of the software at approximately $100. That's $250.

Don't relax just yet. If you happened to make a mistake, that could cost you another $387 (the lowest average cost of taxpayer errors). Now you're looking at a total of $637, or more, to do it yourself. And, if you don't file on time, then you can add interest and penalties on top of the other costs.

You Can Miss Deductions With DIY Tax Software

If you prepare your own tax returns, you are probably a do-it-yourself-er who likes to fix or build things to save money. One of the many reasons people go through the headache of filing their own taxes is a false belief that they are saving money.

Lose Big Money Filing Your Own Taxes

Did you know that in a recent tax study by financial expert, Dave Ramsey, the average do-it-yourself tax preparer lost between $387 and $841 when compared to the same returns prepared by tax professionals?

Why? The average taxpayer doesn't know every deduction available to them, even with the help of online tax software. Tax filing software is updated once a year to handle the major tax changes and can unintentionally omit small, specific deductions. If you have multi-state returns, forget it. The errors are too many to mention.

Tax filing software may actually be costing you more. Just because you found a place to put a number in the tax software, doesn't mean it was the most advantageous place to put it from a tax perspective-leaving hundreds of dollars in Uncle Sam's pocket.

If you are a Small Business Owner or Self-Employed Professional there are some things you just shouldn’t do yourself, and bookkeeping and taxes are certainly two of them. I offer Full-service accounting for small businesses and two kinds of tax preparation — business and personal — both of which allow you to use my Virtual Tax Organizer, follow a few easy steps and then as your CPA I will prepare, review, file and sign your taxes. Incredibly easy tax prep — what a concept!

I believe that your cost to file your taxes should be transparent from the first step. No more hidden fees, no upsell just a simple flat rate to get you the maximum legal refund and a professionally prepared tax return.

Flat Fee Prices:

Individual Tax Returns:

SIMPLE $150

  • 1040 with 1 W2’s/1099’s
  • 1 CO State Return
  • No Dependents
  • * 50% Nonrefundable Filing Deposit is Required
  • $10 for Each Additional W2/1099 over 2

STARTER $195

  • 1040A with up to 2 W2’s/1099’s
  • Schedule B (Up to 5 Interest & Dividend Entries)
  • No Investments
  • 1 CO State Return
  • *50% Nonrefundable Filing Deposit is Required

MODERATE $275

  • 1040 PAGES 1 & 2 with up to 2 W2’s/1099’s
  • Schedule B (Up to 3 Interest & Dividend Entries)
  • No Schedule A
  • Child Tax Credit
  • Earned Income Tax Credit
  • Schedule D Investments (Up to 3 Sales of Stocks, Bonds, Mutual Funds or Investment Real Estate)
  • 1 CO State Return
  • *50% Nonrefundable Filing Deposit is Required

MEDIUM $325

  • 1040 with up to 2 W2’s/1099’s
  • Schedule A (Itemized Deductions)
  • Child Tax Credit
  • 1 CO State Return
  • *50% Nonrefundable Filing Deposit is Required

Up to 2 of the following

  • Schedule D Investments (Up to 5 Sales of Stocks, Bonds, Mutual Funds or Investment Real Estate)
  • Schedule C-EZ (Profit or Loss from Business)
  • Schedule E Page 2 K1 Entry
  • Earned Income Tax Credit
  • Health Care Credit
  • Credit for child and dependent care expenses
  • Education Credits

‚ÄčCOMPLEX $495

  • 1040 with up to 3 W2’s/1099’s
  • Schedule C (Profit or Loss from Business)/OR
  • Schedule E (Up to 1 Rental Property)
  • 1 CO State Return

2 or more of the following

  • Schedule A (Itemized Deductions)
  • Schedule D (Up to 5 Sales of Stocks, Bonds, Mutual Funds or Investment Real Estate)
  • Schedule E Page 2 K1 Entry
  • Earned Income Tax Credit
  • Child Tax Credit
  • Credit for child and dependent care expenses
  • Health Care Credit
  • Education Credits
  • 50% Nonrefundable Filing Deposit is Required

ADD-ONS TO ANY PACKAGE

  • $5 for Each Additional Schedule B Item over 5
  • $35 for Each Additional State Return
  • $10 for Each Additional W2/1099 over limit
  • $50 for Each Additional Schedule C-EZ
  • $50 for Each Additional Premium Tax credit reconciliation
  • $150 for Each Additional Schedule C
  • $10 for Each Additional Schedule D Item over 5
  • $50 for Each Additional Schedule E Rental Property
  • $20 for Each Additional Schedule E Page 2 K1 Entry
  • $20 for Paper copy of return via mail (free online access otherwise)

Business Tax Returns:

S-Corporations start at $595

  •   Based on tax-ready Quickbooks Online file ( if QB file needs cleanup I will quote that separately)
  •   Financial statements, other tax returns - As quoted
  •   Up to $249,999 in gross sales/assets ( $250K and over requires a custom quote)

Partnerships and Multi-Member LLCs start at $625

  •   Based on tax-ready Quickbooks Online file ( if QB file needs cleanup I will quote that separately)
  •   Financial statements, other tax returns - As quoted
  •   Up to $250k in gross sales/assets ( $250K and over requires a custom quote)

The fee will be discussed prior to starting the return and complex tax issues will be addressed at that time.

Individual Returns: Cost is based on my completed tax organizer/via online

Business Returns: Cost is based on the books and records being organized into a financial statement format. The Profit & Loss Statement and Balance Sheet should be submitted to CPA along with receipts for all capital items purchased during the tax year. If you do not have financial statements, please call me and we can decide what else would work.