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Updated over 6 years ago,

User Stats

39
Posts
13
Votes
Paul Passafiume
  • Prospect, KY
13
Votes |
39
Posts

Tax preparation costs for business+ individual

Paul Passafiume
  • Prospect, KY
Posted

Ok, so I got my tax prep bill and I think its way high. For discolsure, my accountant had to file 5 forms:

1040 US tax ind return

1040-ES Estimated Tax

Kentucky Ind tax

Kentucky Est tax

Kentucky Single member LLC tax return

For that he charged me a flat fee of 1 grand. I thought it was a hair high but not awful. Where he really got me was billing for 1.8 hours for several emails we exchanged throughout the year. He hit me up for an additional $526 there.

Now, keep in mind I have nothing complicated but I do have two 1040s, one W2, and my miscellaneous income from 9 rental units. But each of those will be spelled out in PAINSTAKING detail on a form I filled out and I had itemized receipts of everything. My most complicated itemized deductions are my SEP IRA, HSA, and charitable deductions, but it is literally all numbers listed clearly on a ten page form I fill out, and it's literally plug and play for him.

Please advise if $1526 for tax filing and tax planning seems high compared to anyone else, especially in a "cheap state?"

Thanks!

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