My CPA is charging me $450 to do my taxes. I have lots of stocks, some overseas plus the usual Retirment, SS and some other investments.
What are you folks paying for similar?
What are you folks paying for similar?
Tax prep charges?
- Thread starter Eddie
- Start date
Zee09
$200 Site Donor 2023
$625 here
For my single member llc sole proprietor disregarded entity that is a member of a parent llc $1250 to file returns. This is on top of the $750 monthly retainer for the practice. That gets you quarterly statements/meetings, tax planning, and unlimited questions/communications. I speak to the accountant at least monthly and if there’s a special occasion significantly more.
I used to do my own. Then I went to a tax guy in town for a couple years but we had a fall out. Then I went to a tax lady in town that charged $90. She was very nice but getting old and close to retirement. She forgot to file a 1099 for me and I got a nice letter from the IRS. She decided to retire. I tried to do my own taxes but there were very complicated and I didn't know how to file stock option exercise of my company's stock so I moved to a CPA in town. He's significantly more expensive but more professional and knowledgeable. He was charging $300 but it's $400 this year. I'll stick with him.
Geez, crappy TurboTax cost me more than that. Speaking of, I hate that software with a passion.
I used Cashapp Tax, Free
Zero. I DIY with pencil and paper. I mean, you have to do 95% of the work yourself in adding up the receipts for purchases, expenses, deductions, etc. anyway. Not paying someone hundreds for the other 5%.
One advantage of living out here in the sticks is that things do tend to cost less.
We've been going to this guy for about 20 years and he has always done a good job.
We have a CPA investment guy do ours in recent years. He was $250 until recently and now $300. I think that it's worth it as his software also seems very good and nothing seems be missed or a problem. I used to do it myself and then AARP Taxmen as a neighbor and past co-worker did it.
Personal taxes with a single member LLC through TurboTax $240, that also includes two states since I work and live in different states. We don't have a very complicated tax situation, even with the LLC.
The last two years have been the only years that I used a CPA, mainly because I was scared of the LLC but have since learned it's not that complicated. Those years cost $500 each. On top of that, they missed a Maryland LLC filing for both years. I was able to do that earlier this year when I got the notice in the mail, fortunately there wasn't a penalty.
Where I work is a S Corp, those taxes were $3100 including 1099s, 1120 and some misc meetings and tax prep discussions.
The last two years have been the only years that I used a CPA, mainly because I was scared of the LLC but have since learned it's not that complicated. Those years cost $500 each. On top of that, they missed a Maryland LLC filing for both years. I was able to do that earlier this year when I got the notice in the mail, fortunately there wasn't a penalty.
Where I work is a S Corp, those taxes were $3100 including 1099s, 1120 and some misc meetings and tax prep discussions.
TurboTax is on sale at Amazon on Dec 26th lately. $30 and two people can use it.
$550 for single owner LLC (simple business with only 15 expenses) , federal and state (MA) and NH business return by experienced CPA.
freetaxusa.com if you are doing it yourself.
federal is free.
state is $14? but I just go to my states website and type it in for 15min and that is free too.
Turdblo tax and hrbunk always nickel and dime you.
want to import last years info.. fee
need to file a w2-g fee
anything besides 1040ez... fee.
royalties oh have to upgrade to premier big fee.
Freetaxusa.. is .... free.. after 4 years still working good. copies in all of your previous years data
you just plop in your numbers and done.
you can also upgrade to various options such as live advisor, and insurance etc.. but I never have.
federal is free.
state is $14? but I just go to my states website and type it in for 15min and that is free too.
Turdblo tax and hrbunk always nickel and dime you.
want to import last years info.. fee
need to file a w2-g fee
anything besides 1040ez... fee.
royalties oh have to upgrade to premier big fee.
Freetaxusa.. is .... free.. after 4 years still working good. copies in all of your previous years data
you just plop in your numbers and done.
you can also upgrade to various options such as live advisor, and insurance etc.. but I never have.
$500. Worth it.
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