The Tax Team LLC Pricing – 2016
Our tax preparation fees are based on the forms required to complete your return. Below are some general examples of the price range for common returns. Tax prep fees include preparation, filing, and your printed copy (+ PDF if requested) only, and assume complete books/records in good condition. Additional bookkeeping required to complete your return will be billed hourly. The below figures are general ranges and will be accurate for most returns, but it’s possible for a return to be less than or more than these ranges as well.
Basic Individual/Family Returns: $135 – $305
Price range covers most tax returns with some or all of the following: 1040/1040A/1040 EZ and Oregon 40/40P/40N, Dependents, W-2 income, Child Tax Credit, Earned Income Credit, and Dependent Care Credit/Oregon WFC.
Standard Individual/Family Returns: $200 – $400
Price range covers most tax returns with some or all of the following: All forms listed in Basic, plus Schedule A Itemized Deductions, 1099-Rs, Social Security, Interest & Dividends, Education Credits, Retirement Savings Credit, and Fed/State extension (no calculation of balance due).
Advanced Individual/Family Returns: $240 – $680
Price range covers most tax returns with some or all of the following: All forms listed in Basic & Standard, plus HSA forms, Charitable Non-Cash Contributions over $500, Residential Energy Credits, Capital Gain/Loss Sch D, Employee Business Expenses (form 2106), K-1 forms, Sch H Household Employer, Premium Tax Credit, Shared Responsibility Payment calculation or exemption, and Fed/State extension (includes calculation of balance due).
Self-Employed/Rental Returns: $280 – $890
Price range covers most tax returns with some or all of the following: All forms listed in Basic, Standard and Advanced, plus ONE business (Schedule C – Sole Proprietor or Single Member LLC only), rental (Schedule E), or farm (Schedule F), including Depreciation and Amortization, Sec 179 expense, SE tax calculations, Self Employed Health Insurance Deductions, SEP planning and deductions, Estimated Tax calculations for Fed and State, Tri-Met return (including extension if needed), and City of Portland/Multnomah County return or Exemption (including extension if needed). Additional Sch C, E or F $100 – $200. Required bookkeeping billed at $75/hr.
1099-MISC/1096: $25 – $50+
Includes preparation of forms 1099-Misc and 1096 Information return. First 1099-Misc + 1096 is $25 if we are also preparing your tax return; $50 as a stand-alone service. Additional 1099-Misc forms are $5 ea. Postage is $2 per form. Cost does not include determining amounts for 1099-Misc forms, which will be charged at an hourly rate if needed.
Tax Return Review: $100 per year
This review will look over your previously filed tax return to make sure that all possible credits and deductions were claimed, and all required forms were filled out correctly. You will also be able to ask questions relevant to the year being reviewed. The review report will list any errors found, along with an explanation of potential consequences and advice on what to do next. Cost of review is applied towards tax prep fees should you decide to have us amend the return. *ONLY available in the off season, May 1st – January 1st.
Referral discount: Current clients who refer a new client will receive a 10% discount on their tax prep fees after the client they referred completes their return.
Early Bird discount: Current clients who do not need an in-person appointment may receive the 10% Early Bird discount for dropping off or uploading complete or nearly-complete tax documents prior to March 1st. (Your preparer will be in touch by phone or e-mail.)