2018 Tax Compliance Fee Schedule

Transcription

1 2018 Tax Compliance Fee Schedule

2 2 Overview Trader Tax CPA, LLC is an Orlando, FL cloud-based Professional Services Firm focused on providing tax consulting and compliance services to the active day trader. Through use of the latest cloud technologies we are able to provide virtual services to clients across multiple states. We offer a wide variety of services but primary business is building relationships and helping clients to see the big picture as their trusted advisor. Specifications Efficiency & Effectiveness Our online process is more efficient. This saves you, the client, money in terms of our fees and your lost time. You no longer have to play phone tag with your accountant and/or attorney and lose time traveling to your tax professional s office with loads of papers. With our firm, simply upload and download your files and our product in a fully secure and encrypted manner. Documentation Our online process involves secure data uploads/downloads, e- mails, phone calls and online video communications. Clients like being able to refer back to all our written communications from our professionals. This prevents lapses in communication. Convenience Visiting your local accountant can be inconvenient. Many clients are stuck making multiple trips. Phone tag with secretaries and busy old-fashioned professionals who are unorganized is a waste of your time. Our virtual cloud-based process is easy to work with. Clients use our Website, Checklists, Client Organizers, guides and other tools to get organized. This saves money on our fees and it leads to better tax savings. Personal Touch We strive for good long-term relationship with our clients and provide a personal touch fostered by many conversations via and phone, year after year. Whenever possible, we also enjoy meeting our clients face-to-face. We look forward to getting to know you soon.

3 3 Project Flow I. Tax Consultation Typically done through telephone or to determine if our service is a good fit for your Tax Planning & Preparation needs. II. III. IV. Purchase Tax Preparation Service Client invoicing and collecting partial payment for services to be performed. We set-up a file sharing portal with you, provide you with a client questionnaire, and request that you sign an engagement letter. Document Upload Upload tax information to a secure and encrypted ShareFile folder. Tax Preparation A CPA or Tax Professional works directly with you on preparing tax returns using , file portal, and phone meetings. V. Review A CPA manager reviews tax returns for quality control. VI. VII. VIII. Client Review We upload draft tax returns for client review and comments. Completion We complete the tax returns, present final invoices and client pays final balance due. If you are due a refund client has the option to pay final balance through withholding fees from the refund. Filing We E-File the tax returns with the IRS and State (If Applicable). We upload IRS and State Confirmations along with completed returns to clients ShareFile Portal.

4 Tax Compliance Fee Schedule Individual Tax Return Form 1040 US Individual Income Tax Return $250 Form 1040EZ Federal Income Tax Return Easy $175 Form 1040A Federal income Tax Return Short $200 Form 1040NR Federal Income Tax Return Non Resident $250 Form 1040X Federal Amended Return $300 Greater than 5 W-2s, each $25 Form 1040-ES Estimated tax forms $50 Schedule A Itemized Deduction $75 Schedule B Interest and Dividend Income $50 Schedule E - Each Rental Property $100 Property Schedule F or Form 4835 Farming related forms/schedules $200 K-1 income - each Schedule K-1 $50 K-1 income - Hedge Fund Schedule K-1 $200 Form 8582 Passive Activity Loss Limitations $150 Form 6252 Installment Sale $200 Form subsequent Installment Sale $100 year Form 2106 Employee Business Expenses $75 Form 3903 Moving Expenses $75 Form 4684 Casualties and Thefts $250 Form 8283, page 1 Noncash Charitable Contributions $75 Form 8283, page 2 Noncash Charitable Contributions $250 Form 8606 Nondeductible IRAs $40 Form 8889 Health Savings Account Deduction $40 Form 8917 Tuitions and Fees Deduction $75 Form 8903 Domestic Production Activities Deduction $150 Form 2441 Child Care Credits $75 Form 3800 General Business Credit $40 Form 5695 Residential Energy Credits $50 Form 8863 College Credit $75 Form 8962 Healthcare Credit $200 Form 8801 Credit for Prior Year Minimum Tax (AMT) $50 Trader & Investor Specific Tax Forms Schedule C Profit/(Loss) from Business - Sole Prop $200 Bookkeeping for Sch C (if necessary) $225 an hour Schedule D Capital Gain/(Loss) $40 Form 8949 Sale & Other Dispositions of Capital Assets $75 min - $15 each Form 4797 Sale of Business Property $45 min - $15 each Form 6781 Gain/(Loss) from Section 1256 / Straddles $45 min - $15 each

5 5 TradeLog Accounting Including compiling gain/loss reports from $250 an hour self-prep TL files Form 4562 Depreciation (update to 8 assets placed in $40 service per year) Form 4952 Investment interest Expense Deduction $45 Form 8829 / Home Expenses for Business Use of Your Home $100 Office Form 3115 Application for Change in Accounting $300 Method Form 1045 Application for Tentative Refund - (NOL) $1,500 Depreciation Schedule $40 min. $6 per asset $40 "Other Taxes" Specific Related Forms Form 6251 Alternative Minimum Tax (AMT) $200 Schedule SE Self-Employment Tax $50 Schedule H Household Employment Taxes $125 Form 8959 Additional Medicare Tax $50 Form 8960 NII Surtax $250 Form 5329 Retirement Penalty $125 Form 8965 Healthcare penalty $175 Form 2210 Underpayment of Estimated Tax $40-$125 Form 8886 Reportable Transaction Disclosure Statement $350 Foreign Assets/Income Forms FinCEN Form 114 Report of Foreign Bank & Financial Accounts (FBAR) $250 (up to 5 accounts) Form 8938 Statement of Specified Foreign Financial Assets $350 (up to 5 accounts) Form 2555 Foreign Earned Income $350 Form 1116 Foreign Tax Credit $50 Form 8621 Shareholder of Passive Foreign Investment Company $100 Form 540 Form IT-201 Resident State Non-resident states - each State Returns State of California Resident Individual Tax $150 Return State of New York Resident Individual Tax $150 Return Resident State Individual Tax Return other $85 than CA or NY Non-resident State Individual Tax Return $50

6 6 Business Tax Returns Form 1120 C-Corporation Return $1,000 Form 1120S S-Corporation Return (also LLC taxed as S- $750 corp) Form 1065 Partnership Return (also LLC taxed as $750 partnership) Form 1041 Trust Return $750 ***The fees listed in this document are minimum fees based on complete information provided by our client. Engagement letters are required for all professional tax compliance services. Additional fees will be charged for forms/schedules not listed in this document, audit representation, or to summarize information. Estimates available upon request. ***