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Acct-Tech

Price List

Contact Us (866) 582-0817

We value our client’s trust and believe in the principle of truth in advertising. While most Accounting firms do not post their tax preparation prices online, we want our clients to understand the model behind our pricing and to have a clear method to estimate the cost of their return preparation.

Acct-Tech Consulting LLC individual tax preparation pricing is based on the National Society of Accountants annual survey of over 8,000 preparers nationwide. The average price for a tax return in 2020 (for the fiscal year 2019) was $294 (Form 1040, Schedule A, one state).

It is important to understand that every tax return is different. The forms necessary to complete your tax return may vary from year to year as your situation changes. For that reason, final pricing is always subject to a client’s individual situation and the complexity of their return. Normal hourly rates are $99/hour. The minimum fee for tax preparation is $225.

Simple Individual Tax Return Typical Sole Proprietor Who Itemizes (Single Member LLC) Return
Form 1040 (W-2 income only) $150 Form 1040 $150
Standard Deduction free Schedule A $70
State (CO) $75 Schedule C $125
E-file free Form 8829 Business Use of Home $30
Total $225 Form 4562 Depreciation $40
Other Forms $75
State (MD) $75
E-file free
Early Discount (10%) & New Client ($66)
Total $499
Typical Individual Tax Return Typical Individual Who Has One Rental Property
Form 1040 $150 Form 1040 $150
Schedule A $70 Schedule A $70
State (MD) $75 Schedule E (property 1) $125
E-file free Form 4562 Depreciation (property 1) $40
Early Discount (10%) & New Client ($10) ($39) Other Forms $75
Total $256 State (MD) $75
E-file free
Early Discount (10%) & New Client ($52)
Total $483

Tax Preparation Schedule of Fees by Form
Rates Effective February 1, 2021

Form

Title

Price

Description

706

Estate (and Generation-Skipping Transfer) Tax Return

Varies

per hour

940

Employers Annual Federal Unemployment Tax Return

$60

per form

941

Employers Quarterly Federal Tax Return

$60

per form

944

Employers Annual Federal Tax Return

$60

per form

945

Annual Return of Withheld Federal Income Tax

$60

per form

990

Tax Exempt Organization

$700

minimum *

1040

U.S. Individual Income Tax Return

$150

per form

1040 Schedule A

Itemized Deductions

$70

per form

1040 Schedule B

Interest and Ordinary Dividends

$10

per item

1040 Schedule C

Profit or Loss from Business (Sole Proprietorship)

$125

per business**

1040 Schedule D

Capital Gains and Losses

$10

per item ($50 min)

1040 Schedule E (pg 1)

Supplemental Income and Loss (Page 1 Rental Properties)

$100

per rental **

1040 Schedule E (pg 2)

Supplemental Income and Loss (Page 2 Partnerships/S Corps)

$25

per form

1040 Schedule EIC

Earned Income Credit

$60

per form

1040 Schedule F

Profit or Loss From Farming

$125

per form **

1040 Schedule H

Household Employment Taxes (Nanny Tax)

$125

per form

1040 Schedule R

Credit for the Elderly or the Disabled

$50

per form

1040 Schedule SE

Self-Employment Tax

$40

per form

Safe Harbor/Elections

Most safe harbor and business elections

$35

per election or form

1040-ES

Estimated Tax for Individuals (Income Estimate Calc. Not Incl.)

$50

per estimate

1040-ES

Estimated Tax for Individuals with estimated income

$125

per hour

1040-X

Amended U.S. Individual Income Tax Return

$200

per form

1041

U.S. Income Tax Return for Estates and Trusts

$495

minimum *

1045

Application for Tentative Refund

$200

per form

1065

U.S. Return of Partnership Income

$495

minimum *

1096

Annual Summary and Transmittal of U.S. Info Returns

$75

per form

1099

Miscellaneous Income

$7

per contractor

1116

Foreign Tax Credit (Individual, Estate, or Trust)

$40-$400

per country*

1118

Foreign Tax Credit (Corporation)

$40-$400

per country*

1120

U.S. Corporation Income Tax Return

$495

minimum *

1120-S

U.S. Income Tax Return for an S Corporation

$495

minimum *

2210

Underpayment of Estimated Tax

$40

per form

2441

Child and Dependent Care Expense

$50

per form

2555

Foreign Earned Income

$75-$400

per form*

3800

General Business Credit

$50

per form

* Pricing based on complexity of return

                                                                                                  

4136

Credit for Federal Tax Paid on Fuels

$95

per form

4137

Tax on Unreported Tips

$75

per form

4562

Depreciation and Amortization

$10

per item ($30 minimum)

4684

Casualties and Thefts

$75

per casualty/theft

4797

Sale of Business Property

$85

per item*

4835

Farm Rental Income and Expenses

$75

per item

4868

Application for Extension to File U.S. Individual Return

$60

per form

4952

Investment Interest Expense Deduction

$40

per form

4972

Tax on Lump-Sum Distributions

$85

per form

5329

Additional Taxes Attributable to Qualified Retirement Plans

$40

per form

5405

First Time Homebuyers Credit

$35

per form

5695

Residential Energy Credits

$35

per form

6198

At Risk Limitations

$35

per form

6251

AMT Alternative Minimum Tax

$45

per form

6252

Installment Sale Income (first year)

$100

per form

6252

Installment Sale Income (subsequent years)

$25

per form

6781

Gain or Loss from Section 1256 Contracts and Straddles

$10

per item ($30 minimum)

8283

Non-Cash Charitable Contributions

$40

per form

8332

Exemption Release Divorced or Separated Parents

$30

per form

8379

Injured Spouse Claim and Allocation

$125

per form*

8582

Passive Activity Loss Limitations

$45

per form

8606

Nondeductible IRA

$35

per form

8615

Tax for Children under 18 who have Investment Income

$35

per form*

8801

Credit for Prior Year Minimum Tax

$45

per form

8812

Additional Child Credit

$35

per form

8814

Parent's Election to Report Child's Interest and Dividends

$30

per form

8824

Like Kind Exchanges

$100

per form

8829

Business Use of Home (simplified option)

$40

per form

8834

Qualified Electric Vehicle Credit

$35

per form

8839

Qualified Adoption Expenses

$125

per form*

8846

Credit for Employer Soc. Sec. and Medicare taxes on tips

$45

per form

8853

Archer MSAs and Long-Term Care Insurance Contracts

$35

per form

8863

Education Credits

$55

per form

8880

Qualified Retirement Savings Contribution Credit

$20

per form

8889

Health Savings Account

$35

per form

8910

Alternative Motor Vehicle Credit

$35

per form

8917

Tuition & Fees Deduction

$75

per form

8938

Statement of Foreign Assets

$35-$400

per asset*/per form*

8949

Sales and Other Dispositions of Assets

$10

per item ($50 minimum)

8959

0.9% $200,000 Employment Tax (additional Medicare Tax)

$35

per form

8960

3.8% Net Investment Income Tax

$35

per form

8962

Health Care Premium Tax Credit

$45

per form

8995 & 8995-A

Qualified Business Income Deduction (no analysis)

$55

per form

Ownership Basis

Ownership basis calculations

$125

per hour

K-1s

Inc, Loss, Div of Partners or Shareholders

$50

per form/entry

* Pricing based on complexity of return

** Any additional bookkeeping necessary will be charged at $145 per hour.

State Apportionment

Determining income and expenses on a per state basis

$145

per hour

State (MD only)

State Return (MD only)

$75

first state

State (additional)

State Return (additional state returns other than MD)

$95

additional states

E-file

free

New Client Discount

For New Clients (minimum charge for tax preparation is $200)

$10

Referral credit

For the referring customer, valid for the current tax year only

10%

of total (up to $50 limit)

Early Discount

For individual returns if all info received by end of February (minimum charge for tax preparation is $225)

10%

of total (up to $50 limit)

Late Fee

If requested items not received 15 days before filing date

20%

of total

Sale of Home

Sale of your Home Worksheet

$55

per form

Paper copy

Paper copy of return / postage

$45

per copy

Net Operating Loss

Calculation of Net Operating Loss (excludes calc of prior years)

$150

approximate

Estimated Payments

Based on complexity and if new client

$150

approximate

Tax Planning

Based on complexity and issue

$99

Per hour

Additional Work

Additional accounting, bookkeeping, research and/or time for tax return or other preparation and/or requests

$99

per hour