CPA charging me $3,000 to prepare simple tax return?!!!

[David Kuhlke]

Hello BP community, 

My wife and I work w-2 jobs and own 3 rental properties... nothing crazy. Is it normal for my CPA to be charging me $3,000 to prepare our tax return? This is my first time using a CPA and I don't know what is considered normal. But I feel like something is definitely off here. I have other investor friends who pay $400-$600 to their CPA and they own multiple properties. Thoughts?

Best, 

David

[Scott Wolf]

Originally posted by @David Kuhlke:

Originally posted by @Account Closed:

Originally posted by @David Kuhlke:

Hello BP community, 

My wife and I work w-2 jobs and own 3 rental properties... nothing crazy. Is it normal for my CPA to be charging me $3,000 to prepare our tax return? This is my first time using a CPA and I don't know what is considered normal. But I feel like something is definitely off here. I have other investor friends who pay $400-$600 to their CPA and they own multiple properties. Thoughts?

Best, 

David

It depends on the level of tax & retirement planning. Have you asked your friend what he is getting for the $400 to $600? Why aren't you using their CPA?

 They are not providing any tax and retirement planning. We haven't even received one phone call from them. Again, our tax situation seems very simple. Two W-2 income, 3 single family rental properties, and some stock sales. $3,000 for tax preparation seems outrageous to me. 

 You seem to have answered your own question.  Search for another CPA/accountant.