Income Tax Return Preparations for Individuals:
$225.- for Federal Form 1040 & State of New Jersey
- Both, Federal and New Jersey State Tax Returns for Individuals, or married couples, and with reasonable number of capital transactions. This is a total price for an average tax return and includes supporting forms such as Schedule B, D, EIC, etc., and all other schedules and worksheets necessary to complete the return.
- However, the fee for more complex and time-consuming returns could be higher. The fee may be lower for a less time consuming tax returns. Please read the text in red below for more explanation.
$85.- Federal Schedule A (Itemized Deductions), if needed
$75.-/each Additional state such as New York, or Pennsylvania
$95.- /each Federal Schedule C (business activities), or E (rental activities)
$40.- (when done together with parents' return)
E-filing is included tax return preparations without any additional fee.
Prices vary with returns complexities. Higher prices may apply to tax returns which are more complex and time-consuming than average/typical returns. Discounts may be given for returns less complex than average/typical.
Examples of items which require additional time during return preparation and could increase the fees are: (*) claiming home office expenses, (*) child care expenses, (*) business net operating losses calculations, (*) educational expenses, (*) large number of capital transactions, (*) large number of dividend and interest entries, (*) selling of home, (*) selling of business assets, (*) employee business expenses, (*) charitable donations of material goods over $500, (*) cancellation of debt income, (*) large number of depreciation worksheets, etc. The (estimated) fee will be given to you up front, so you can decide if you want to go forward with the work, or not. The fee will not change later on, even if completion of the work will require much more time than initially estimated.
Business Returns and Resolving Tax Problems and Issues for small business entities and individuals, Tax Debt Reduction and other services: Fees depend on the complexities of the tax issues.