standard base range
Your first state tax return is included in the price of your return.
Additional state returns are $250 to $475 each.
If your business owns rental properties, whether it's a short-term rental (Airbnb or similar) or long-term rental (residential, condo, etc), they must be accounted for individually when you file taxes.
You can expect to add $175 to $250 for the first rental and $75 to $250 for each additional property. As the number of properties increases, the marginal cost per property will go down.
If your business has investments in other entities such as S corporations or partnerships, you will be issued a Schedule K-1 from that entity. This K-1 is then used to represent that investment on your business tax return.
This added factor can increase the price of your tax return by $75 to $125 per K-1.
If you have a complex investment or a K-1 that is longer than a few pages, you can expect the price to increase beyond this range accordingly.
To complete your business' tax return, we will request viewing access to your bookkeeping software and financial information, such as your income statement, balance sheet, trial balance and general ledger. If that data is not organized correctly, the tax team will have to spend time cleaning it up and collaborating with you to verify those details.
Bookkeeping cleanup will occur in this case at our hourly rates. Hourly rates are listed in our FAQ.
If your business has more than a few owners, your business tax return will be more complex. In this case, each additional owner can add approximately $125 to $250 to the price of the return. For businesses with many partners, the marginal cost for additional owners will be lower.
If your business has owners or partners who are not US citizens, additional tax forms must be completed. For each non-US citizen owner/partner, you can expect the final price of the return to increase by about $125 to $250.
If your company has foreign investments or assets, these have to be reported to the IRS. The rules vary based on many factors but your tax return can become complicated very quickly. You can expect a higher final price if your company has foreign investments - the increase will depend on the specifics of your company.
standard base range
Your first state tax return is included in the price of your return.
Additional state returns are $150 to $275 each.
If you own rental properties, whether it's a short-term rental (Airbnb or similar) or long-term rental (residential, condo, etc), they must be accounted for individually when you file taxes.
You can expect to add $175 to $250 for the first rental and $75 to $250 for each additional property. As the number of properties increases, the marginal cost per property will go down.
If you have investments in other entities such as S corporations or partnerships, you will be issued a Schedule K-1 from that entity. This K-1 is then used to represent that investment on your tax return.
This added factor can increase the price of your tax return by $75 to $125 per K-1.
If you have a complex investment or a K-1 that is longer than a few pages, you can expect the price to increase beyond this range accordingly.
To the IRS, any significant income that doesn't come from a job (W-2 or 1099) constitutes a business. Unless you have made an official tax election with the IRS, it is considered a sole proprietorship for tax purposes and must be reported on your individual tax return even if you have registered an official business (LLC or other).
A business with very little activity can increase your final price by $75 to $175 while significant activity may raise the price by approximately $175 to $250.
If your business does not have financial documentation or if the documentation is messy or disorganized, you can expect the price of your return to increase accordingly.
Excessive stock transactions can dramatically increase the time it takes to complete your tax return. If you have a regular (relatively static) investment portfolio, you have nothing to worry about.
If you are a day trader or anyone with a copious amount of stock transactions, you can expect your tax return to cost more depending on your trade volume.
All prices are subject to change depending on the specifics of your tax situation.
Looking for other tax services? Check out our additional services for info about trusts, 1099s & more!
All that's left now is an introductory call to confirm your details and make it official.
If you have a complex return, we'd be happy to provide a more detailed quote to ensure you are fully informed of the potential cost to you. Ultimately, your specific tax circumstances dictate the final cost of your tax services.
We love to be transparent when it comes to pricing. That's what you deserve from a tax partner.
"I trust DiMercurio Advisors to do both my personal and business taxes and I couldn't be happier with the results. They have straightforward pricing and top quality results with no catch. I highly recommend!"
Quarterly estimated taxes are an important piece of the tax planning puzzle. If we are completing your tax return, Safe Harbor calculations are included, if required. This method is enough to help avoid penalties from the IRS but does not provide the most accurate estimate.
Whether you file your tax returns with us or somewhere else, we can give you a more precise calculation of estimated taxes. For quarterly estimated taxes calculated based on your current books, the standard range is $250 to $350 per quarter. This will give you a very accurate estimate of your taxes owed so you aren't left with a big surprise when tax season rolls around.
Trusts are typically used with higher net worth families as a wealth management and transfer tool. Depending on the structure and holdings of the trust, rates would start at $500 to $950 for the annual tax return preparation, plus our hourly rates for any advisory related services to the trust (such as reviewing the trust agreement, answering questions, etc.)
When you have past due or back taxes, we’re required to prepare several years of returns at the same time. Doing this typically means a little extra work than when preparing a single year tax return. You can reasonably estimate the cost of these returns to be the current year rates + 10% for additional time spent.
Note that for any past due tax project, we require a 50% nonrefundable deposit to be paid before we begin the project. As we prepare your returns, we will progress invoice you for them. Your deposit will be applied to your final tax return invoice from us.
If we prepared the return being amended, the cost will be somewhere between 50% to 75% of what the original return cost. This covers updating the return and the return going through the quality control process again.
If we did not prepare the return being amended, the cost will typically be between 70% to 100% of what we would have charged if we had prepared the original return.
|
Florida (per return/county) |
$275 to $325 |
|
Other states (per return/county) |
$275 & up |
Reporting for self-directed 401(k), solo 401(k) and other self-directed retirement plans (Form 5500EZ) with no tax due starts at $500 to $750.
Tax strategy and planning is offered at hourly rates.
Partner: $325/hour
Senior Tax Associate: $175/hour
This session typically includes reviewing your tax situation from the top-down, planning for major events in the near future, and giving actionable advice for making your business as tax-efficient as possible.
For tax advisory, billable time includes all advisory time before, during or after a meeting. Examples include time spent reviewing documents, answering questions, conducting research, and more.
Anytime your business changes its financing, it will affect your income taxes. Whether that's through adding or removing partners/owners, taking a loan, or something else, you'll want to plan it ahead of time to minimize your tax liability.
Advisory regarding financing your business is offered at hourly rates.
Partner: $325/hour
Senior Tax Associate: $175/hour
For tax advisory, billable time includes all advisory time before, during or after a meeting. Examples include time spent reviewing documents, answering questions, conducting research, and more.
The way you choose to structure your business(es) has a huge impact on your overall taxes and, in the end, your bottom line. Speak with a tax advisor about the best way to build your business.
Advisory for business structuring is offered at hourly rates.
Partner: $325/hour
Senior Tax Associate: $175/hour
Business structuring is often accompanied with tax strategy and planning. After just one session, you'll walk away with a roadmap for you and your business.
For tax advisory, billable time includes all advisory time before, during or after a meeting. Examples include time spent reviewing documents, answering questions, conducting research, and more.
|
Base price |
$45/batch |
|
Price per form: |
|
| Forms 1 though 10 |
$7/each |
| Forms 11 through 20 |
$6/each |
| Forms 21 and beyond |
$5/each |
|
Mailing service |
$2.50/each |
|
Assistance outside of preparation |
Hourly rates |
|
Additional copies of the 1099 filings: |
|
| Digital copy, per request |
$25 |
| Paper copy, per request |
$25 to $50 |
|
Review without response |
Hourly rates |
|
Standard response [CP161, CP162] |
$125 to $150 |
|
Standard response [CP59, LTR12C] |
$175 to $250 |
|
All other notices (custom response) |
Hourly rates |
Audit & collection representation is offered at hourly rates.
Partner: $325/hour
Senior Tax Associate: $175/hour
Tax Associate: $125/hour
If the IRS is auditing you or has initiated a collection action against you, we have your back. Our team is well versed in representing Taxpayers in these situations and welcomes the opportunity to represent you before the IRS.
We will work as an intermediary between you and the IRS in order to explain what the IRS is looking for and provide that information to the IRS in the best manner possible. Along the way we'll update you on the status and provide an ear when you need it. An audit can be challenging, but you don't need to go through it alone.
|
Bank comfort letters |
$175 to $275 |
|
Additional copies of your tax returns |
|
| Digital copy, per request |
$50 |
| Paper copy, per request |
$50 to $100 |
|
Effective tax analysis |
$175 to $325 |
|
Schedule K-1 mailing service |
$3.50 |
|
S Corporation election |
$300 |
You can pay by credit card, check or ACH.
For most tax services, payment is due upon completion of your tax return or other service.
Some services, usually projects with a larger scope or longer term, will require a portion of the payment upfront. For more complex returns, you may be progress-billed (billed throughout the completion of your return(s) due to the size of the project).
To learn more, ask an advisor how your services will be billed prior to engagement.
No. But if you ask us, yes.
The truth is, you don't need a tax professional. With that being said, the large majority of business owners benefit greatly from speaking with a tax professional. That's why we always advise business owners, especially new business owners, to hire a CPA to help navigate their tax situation.
For more info, check out our article that compares using TurboTax to working with a CPA.
Hopefully.
We can never guarantee that we will save you money on your tax bill. We can guarantee that, by working with us, you will operate with a savvy tax strategy while remaining compliant with the IRS. It doesn't get better than that.
The following services are included with each income tax return:
The following services are not included with your tax return but can be added on at an additional charge.
Partners: $325/hour
Senior Tax Associate: $175/hour
Tax Associate: $125/hour
Usually, no.
We only work with nonprofit entities when they are funded by a client business or family group. We don’t work with other nonprofits that are usually funded by third party donations and other outside funding sources.
If you need a nonprofit tax expert, we would be happy to introduce you to one of our trusted partners. You can contact us for more information.
No.
For the time being, we only file tax returns in the United States.
If you have a business with foreign owners, shareholders or investments, we can still work with you on all matters relating to US tax compliance.
Yes.
We file returns in all 50 states in the U.S. For pricing purposes, you can expect income tax returns in most states to cost approximately the same amount. Only a few states, such as California and Pennsylvania, typically have a higher cost due to increased state-specific standards in those states.
Yes.
Sales tax returns start at $120 for quarterly filing or $75 for monthly filing, depending on the needs of your business.
