Form 5500 prep fee

[Snaggletooth]

I Quit

Josh, I quit filling out 5500s years ago because of the steep penalties associated with it.

For the most part, they are not really "tax" forms, but since they are IRS forms, various clients think they should be filled out by a tax preparer.

[BOB W]

I have never prepared one either but most of my clients need an Enrolled Actuary to sign-off on the form..?? Maybe one is not needed in your case..??

They usually charge $1,000 and up.

[JoshinNC]

For those of you who have prepared a Form 5500, how much do you generally charge? I've never had to prepare one, but it doesn't look that difficult. I don't want to low ball myself, but I don't want to be outrageous either. If it helps, I consider myself a mid-price professional (1040 w/ Sch. A - $195, 1120S - $850 min., 1065 - $650 min.). Any guidance would be appreciated. Also, if there are some pitfalls to preparing these I'd like to hear those too.

Thanks!