Know all Tax Management Costs in Advance
Annual Tax Preparation for S-Corps, LLCs, and their Owners:
Our preparation service focusses on the annual IRS filing (plus state) for the income tax return of the entity, and its direct owner.
There are several methods tax preparers and tax managers use to charge for their work:
Set a flatrate per return for a given client, based on an advance estimate of effort
Charge by the hour, and keep a time-spent log like an attorney’s office
Offer a price list based on the types of IRS forms
We have chosen the last option from above, as it is an objective reference for everyone.
You can find the main components of our price list on the right.
A complete S-Corp return filing with the IRS usually starts at $1400.
An LLC is often best reclassified into an S-Corp for the purpose of taxation. We can help.
Ongoing Tax Management for S-Corps, LLCs, and their Owners:
By the time the tax return is due, it’s actually too late to implement strategic moves that can legally lower your tax burden. For anyone with an income above $100k, quarterly tax planning and plan execution is critical to save signficant amounts of taxes.
We also assist with quarterly estimated tax payments and the associated return filing.
The ongoing fee we set is usually 1/4 of the tax preparation fee, but charged per month instead.
This is an ongoing optimization service that can save many thousands for the taxpayer, paying off the management cost usually in a large multiple.
Fee Schedule for S-Corp Tax Returns
The following IRS forms can be involved in an S-Corp tax return.
Main Forms
1120-S: $950 (S-Corp Income)
K-1 for 1120-S: $115 (Shareholder's Income)
1099: $50 (Contractor Compensation)
1125-A: $100 (Cost of Goods Sold)
1125-E: $100 (Compensation of Officers)
941: $150 (Employer Quarterly Payroll)
940: $85 (Employer Annual Unemployment)
8879-S: $25 (IRS e-file Signature Authorization)
Commonly Used Forms
4562: $250 (Depreciation and Amortization)
4797: $250 (Sale of Business Property)
7004: $85 (Extension to File)
7203: $250 (S-Corporation Shareholder Basis Limitation)
Occasionally Used Forms
720: $180 (Excise Tax)
3468: $150 (Investment Credit)
3800: $150 (Business Credit)
5884: $150 (Work Opportunity Credit)
6252: $200 (Installment Sales)
8582: $150 (Passive Activity)
8825: $220 (Rental Income)
8832: $150 (S-Corp Election)
8881: $320 (Pension Plan Startup)
8886: $150 (Reportable Transactions)
8990: $150 (Business Interest Expense)
We have a similar fee schedule to process the personal return of the owner, available from our office upon request. Fees for the state filing are similar, but separate.
