1041 return

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • SHUBEE89
    Junior Member
    • Feb 2020
    • 25
    #1

    1041 return

    i am in the process of doing a 1041 return and i am charging the client for the program (since he is the only one that needs it) what would be the average cost to
    charge him including the $ 160.00 for the program
    Tags: None
    • ATSMAN
      Senior Member
      • Jul 2013
      • 2415
      #2
      IMHO you should not charge only one client 100% of your tax prep software if you are in the business of tax preparation. Just seems unfair to me, but I guess other people may differ.

      The average charge of 1041 returns vary a lot because some are relatively easier than others. I have charged anywhere from $150 to $500. Right now I have one 1041 that has 3 rentals, and 2 separate brokerage accounts and 5 beneficiaries. This will be the final year so the charges will be on the higher end. I have to figure out how much time I spent on that return.
      Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR

        Comment

        • Lion
          Senior Member
          • Jun 2005
          • 4699
          #3
          Your hourly rate X time spent.

            Comment

            • BOB W
              Senior Member
              • Jun 2005
              • 4061
              #4
              I like to use time ($300 per hour) times complexity (fraction) minus new learning time (fraction).

              I guess if I had more clients I could use a lower hourly rate. But with the cost of tax programs and my current client numbers (which I'm happy with having) $300 works for me.
              Last edited by BOB W; 03-11-2021, 01:14 PM.
              This post is for discussion purposes only and should be verified with other sources before actual use.

              Many times I post additional info on the post, Click on "message board" for updated content.

                Comment

                Previous template Next

                Disclaimer

                Collapse

                This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

                Working...