|Example 1: Simple return
W2 Income only, no dependents. Federal and PA State. Electronic filing.
|1040, PA 40,
1 Form W-2
(Each W-2 is $5)
|Example 2: 1040 Simple return with wage, retirement, interest or dividend income.
Not itemizing deductions, no dependents. Income is from W-2, 1099R, Social Security, 1099-INT or 1099-DIV only.
Note: Add $5 to the fee for each W-2, 1099-R, 1099-INT or 1099-DIV.
If interest or dividend income is greater than $1,500, Schedule B is required and adds $23 to the cost. Add $5 for each 1099-INT or 1099-DIV you have for the year.
Oregon allows special deductions and credits in certain situations. If you are eligible for these, we may need to prepare Schedule ASC which costs $26. If additional worksheets are required, these are $12 each.
|Low: You have income only from wages.
1040, PA 40, one W-2
Average: You have income from retirement, wages, interest or dividends. Interest and dividends are under $1,500. Please add $5 for each income statement that you have.
High: your return will push into the high range if your interest/dividend income is more than $1,500, you have several W-2s, 1099Rs, 1099 INTs or 1099 DIVs, or if you have certain types of income or deductions that require additional forms on your Oregon return. If you have other sources of income, you should look to examples on this page for these types of income.
Average: $283 – $350
High: $350 and up.
|Example 3: 1040 Simple return with dependents, EIC and Additional Child Tax Credit
W2 income only. No childcare expense. No itemized deductions.
|1040, W-2 x 2, 8812, EIC, 8867, Form PA 40
|Example 4: Simple return with dependents or college education expenses
W2 income only. Federal and PA state. No EIC.
|Low: Single, no dependents, college expenses which qualify for the lifetime learning credit. (One W-2, 1040, Sch 3, 8863, PA 40)
Average: You fall into the average range when you have dependents, head of household filing status, or qualify for the American opportunity credit. (1040, Sch 3, 8863, 8867, OR 40, and two W-2s.)
High: Pricing pushes into the high range if you have other types of income, multiple students qualify for education credits or you are itemizing deductions.
High: $450 and up
|Example 5: 1040 itemized deductions
Income is from wages, pension, social security, interest and dividend income less than $1,500.
We prepare returns for other states. You should request an appointment with an experienced preparer if you had income from a state other than Oregon. Out-of-state returns range in price from $89 – $221 each depending on the complexity of the state.
We recommend you see our What to Bring page and review our Individual 1040 Tax Organizer to help you prepare for your tax interview.
Home Sale: Did you sell your home during the year?
If you sold your home, the sale must generally be reported on Schedule D and Forms 8949. If you owned and occupied the home as your main home for 2 of the past 5 years, the sale may not be taxable, however it must still be reported on Schedule D. Refer to Example 6 below for an estimate of what we charge to prepare a return that includes Schedule D and 8949.
Was your home used as a rental property in the current or a prior year?
You have a more complex tax situation if you sold a home that you previously rented out and our preparation fee will likely be higher than it is for a straight sale of your main home. If the home was rented during the current year, you should refer to Example 7 to see what we charge for preparing a rental property return.
|Low: Simple Sch A: 1040, Sch A, PA 40 and 1 W-2
Average: Sch A with Dependents: 1040, Sch A, 8867, W-2 or 1099-R x 2, PA Form 40
High: Taxpayers with other forms of income and deductions should refer to other examples in this table.
See Example 11 if you have income from a state other than Oregon
Average: $441 – $510
High: $510 and up
|Example 6: Stock and Investment income, or K-1 from S-Corp, Partnership, Trust or Estate
All facts the same as example 5 (low), except there is additional income reported for stock sales. Schedule D is $51 Then add $5 for each 8949 required and $3 for each sale reported. This example assumes 5 long-term and 5 short-term sales, to arrive at a price of $503.
If you’ve received a K-1 (Form 1120S, 1065 or 1041), then Sch E, Pg 2 must be completed. Numerous other forms may also be triggered depending upon the types of income and deductions reported on the K-1s. K-1 income typically adds $50-$100 to the bill, per K-1.
Alternative minimum tax and NIIT
If you are a higher income taxpayer ($200,000 and up), additional forms will be required if you must pay alternative minimum tax or the net investment income tax. These forms can add $49 – $140 to the bill.
Foreign investment or financial accounts
Investment accounts that fall under FATCA and/or FBAR filing requirements can trigger additional forms, and typically add $100 – $250 to the preparation fees.
|Low: Return is reporting ony wages and simple stock sales. No other complexities like dependents or itemized deductions apply. 1040, Sch 1, Sch D, 8949 x 1, W-2 x 2, PA 40.
Average: Most clients with stock sales fall into this range. You can expect to fall into this price range if you have a significant portfolio, multiple accounts, you are itemizing deductions, claiming dependents, or your income is over $200,000. Look to Example E at the top of this webpage for an example of a return with stock sales, itemized deductions and income over $200,000.
High: Returns push into the high range when there are other forms of income to report, large numbers of stock sales, foreign income reporting or other complex items affecting the tax return.
Average $600 – $800
High $800 – $1,500
|Example 7: Rental property
Simple returns reporting a single rental property start at $532. Itemized deductions or additional forms of income will add to the price. More than one rental property: Each additional rental property will add approximately $100 to the bill.
|Low: Look to Example C at the top of this webpage to see what’s typically included in preparation of a return with a single rental property.
Average: Your return will fall into the average range if you itemize deductions, have dependents, have other forms of income such as investment income, more than one rental property, or have rental property in another state.High: Your return will fall into the high range if you have multiple rental properties, self-employment or other complex items to report.
Average $600 – $900
High $900 – $1,500
|Example 8: Self Employment/Business Income
Price will vary according to complexity of the business return and other forms and schedules that are a part of the tax return.The average self employment return typically includes all of the following forms: 1040, Sch C, Sch 1, Sch 4, 8829, 4562, QBI worksheet, PA Form 40, TM, SP-18. Having multiple businesses or additional types of income will add to the complexity of the return.
|Simple Schedule C (expenses under $5,000 and not claiming a business loss): This example assumes you have no other source of income aside from self employment and that you qualify to file using Schedule C-EZ. This type of return would include preparation of the following forms; 1040, Sch 1, Sch C-EZ, QBI Worksheet, Sch 3, Sch SE, PA Form 40.
Average Schedule C: Look to Example D at the top of this webpage for pricing on preparation of a return that includes a complex Schedule C.
Self-employment income pushes into the high range when there are multiple businesses, or rental properties, that are being reported along with other types of investment income and deductions.
Average: $700 – $1,000
High: $1,000 – $1,600
|Example 9: Amended tax return
Our fee for preparing an amended return depends upon whether we prepared the original return and why the amendment is needed.If we made an error, we amend at no charge.If we prepared the return, but you failed to provide us with complete and accurate information, then we charge for additional forms needed to prepare the corrected return. The minimum charge is typically about $250 – $300.Preparing for your interview – We recommend see our What to Bring page and review our Individual 1040 Tax Organizer to help you prepare for your tax interview. In addition, bring a copy of the original return, and copies of any IRS or State letters pertaining to the tax year in question.
|1040X, PA 40X
Additional forms required for the amendment
|Our error: $0
We prepared the original return but you failed to provide all relevant information: $300 and up .
We did NOT prepare the original return: $350 – $7800