We competitively offer a simple fee range of $300 to $600 for most personal tax returns. Think of it as easy, medium and hard (we’re from Colorado, so we think in green circles, blue squares and black diamonds). Having said that, we try to maintain historical fees for returning clients.
Your tax preparation fee is not dependent on the number of forms used to prepare your tax returns. That’s old school. Rather your fee will depend on the amount of time required to accurately and comprehensively prepare your tax returns. You can help by being organized and using our simple, customized online submit forms. Unlike other tax accounting firms, we are comfortable giving solid price quotes and guaranteeing our work. We’ve been doing this for a while, and we know what it takes.
Taxable events that might increase preparation time include-
|multiple state returns||stock and other asset sales|
|rental properties||K1 income|
|small businesses||debt cancellation|
|home offices||foreign earned income exclusions|
|non US citizens||extensive tax treaty research|
As mentioned, not using our simple, customized online submit forms to summarize your receipts, transactions, notes, etc. will significantly increase preparation time and subsequent preparation fee. You truly are the most intimate with your financial and tax worlds- we only peer into your life for a limited amount of time in an attempt to know everything.
However, we don’t mind organizing your stuff too if asked- that’s what we do so you don’t have to. Sipping on some coffee in our PJs watching re-runs of Law and Order, wondering if Jack is going to win the big case, all while tallying up receipts is no problem at all.
Small Business Owners and Rentals
Most rental or small business owners can expect to pay between $300 to $600 for tax preparation. If you are both a landlord and a business owner, you can expect our fee to be $500 to $600 (with a referral for a pysch eval- just kidding). Please visit our Rental and LLCs / Small Business pages for more information.
Pilots and Flight Attendants
Most flight crew taxpayers can expect to pay $300 to $450. So no more borrowing soap and toilet paper to offset your tax preparation costs. And this includes your per diem calculations. Please visit our Flight Crew page for more information. But if you are a flight attendant with a slew of rentals or a small business, you can expect to pay the fee range above.
ExPats and Ex-Patriates
Most expats can expect to pay between $400 to $500, and this includes your physical presence or bona fide residency tests to compute your foreign earned income exclusion. We also determine your foreign housing allowance or exclusion, and help with Social Security and retirement planning issues. Please visit our ExPat page for more information.
Non-resident aliens or anyone who has a United States tax fling requirement or obligation who are not citizens, our tax preparation fee range is $600 to $800. This usually involves extension tax treaty research to ensure your tax consequence is correctly handled.
Lots of Moving Parts
Clients who have multiple taxable events can expect to pay between $500 to $600 (and perhaps upwards to $800 if you have a ton of stuff going on- don’t be alarmed.. those taxpayers in this situation typically know who they are and probably believe that $800ish is fair for their crazy world).
Our fees always include a joint tax return with a state tax return, and of course eFiling. We can also do a married filing separate analysis to determine the tax benefit if any, and also determine how each taxpayer contributed to the tax consequence (for example, for divorcing couples).
Tax Return Review
Every client is different. So, we default to not reviewing tax returns with clients unless a) you request it or b) we feel there are material items in your tax returns that require some highlighting and reviewing with you.
Having said that, we welcome an opportunity to review your tax returns with you, answer any questions you might have, and ensure a comprehensive and accurate tax return is being submitted to the IRS. We never want to stray away from this level of access and customer service. We live in a virtual world, and we use technology as a tool in the tool box. But the Watson CPA Group never wants to lose focus on our clients’ traditional needs.
We also have a short list of additional fees that might be incurred depending on your tax situation. Please visit our Fee Structure page for more information.
The Watson CPA Group are tax and business consultants, not just number crunchers. Anyone can balance a checkbook. Anyone can put the right number in the right blanks. But we take a consultative approach to tax preparation. You can always find someone to do it for less- of course. However consider the solid back-end support which you will get with the Watson CPA Group that other tax preparation companies might not provide. Read more about our Value Proposition here.
We are your Colorado Springs taxes and Colorado Springs tax preparation experts. We look forward to working with you! And even if you don’t live in Colorado, we can still provide excellent service through modern technology and our client portal. If you live somewhere really cool like Seattle or Madison, our team is more than willing to travel. Even LA has its moments.
The Watson CPA Group (team profile)