Tax Services of Hawaii
2024 Tax Prep Fee Schedule
For personal returns Form 1040 is required. All other forms needed to file your personal tax return are in addition to the Base Fee.
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PERSONAL RETURN |
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Form 1040 (includes one state) - Minimum Base Fee |
$425 |
|
Schedule A |
$50 |
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Out of State Return (Second, third, etc. – each) |
$100 |
|
QBID 199A (Standard) |
$50 |
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QBID 199A (Complex) |
Variable Per Item |
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Form 1045 |
$300 |
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State/Fed non-conformity |
Variable Per Item |
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1099R |
$5/each |
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SCHEDULE C & F |
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Business or Farm Income (Schedule C)** |
$200 1st, $150 each addt’l |
|
Self Employment Tax Sch SE |
$25 |
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Depreciation Schedule @ |
$10 per item |
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Home Office (Form 8829) |
$50 |
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SCHEDULE D TRANSACTIONS |
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Schedule D (per form) |
$40 |
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Form 8949 (each) |
$5 per item |
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Form 8453 Special Attachment |
$50 |
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Qualified Small Business Stock |
$150 |
|
Sale of Residence |
$150 |
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Schedule 4797 transactions/recap |
$150 |
|
Installment Sale (Form 6252) |
$50 |
|
1031 Tax Deferred Exchange (Form 8824) |
$450 |
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Foreclosure, Short Sale, COD Income and Repos (Form 982) |
$200 |
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Other Schedules and Forms |
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Rental Property (Schedule E)*** |
$175 each property |
|
Partnership, S Corp, Trust K-1 |
$50 each |
|
Rollover/Conversions (Form 8606) |
$50 |
|
Foreign Income (Form 2555) |
$300 |
|
Foreign Assets (Form 8938) |
$75 per item |
|
FBAR Filing |
$75 each account |
|
Non-Cash Contributions (Form 8283) |
$100 |
|
Household Employees (Schedule H) |
$250 |
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Health Savings Account |
$25 |
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Casualty Loss (Form 4684) |
$100 |
|
Mortgage Worksheet **** |
$250 |
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TAX CREDITS |
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Child Tax Credit (Form 8812) |
$75 |
|
Childcare Credit (Form 2441) |
$50 |
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Recapture of Investment Tax Credit (Form 4255) |
$100 |
|
Earned Income Credit (EIC) |
$450 |
|
Tax Paid to Another State (Credit) |
$100 |
|
Energy Credit (Form 5695) |
$150 each |
|
AMT (Alt Min Tax) |
$50 |
|
Education Credit (Form 8863) |
$50 each |
|
Stimulus/CTC Worksheet and Calculation |
$50 |
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OTHER ITEMS |
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Amended Prior Year Tax Return (If we prepped return) |
$150 |
|
Printed Copy of Tax Return |
$35 |
|
Postage and Handling (USA) |
$20 |
|
Form G45/G49 filing |
$195 each |
|
Form 1099 or W-2 Prep |
$45 |
|
Trust/Corporate/Partnership Return (Inc/Assets <$250k)** |
$1500 |
|
Trust/Corporate/Partnership Return (Inc/Assets >$250k)** |
$2500++ |
|
Consulting and Audit Rep hourly rates |
From $175 |
|
Technology Fee (per filing) |
$25 |
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Form 2848 – IRS Power of Attorney |
$1500 |
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Offer in Compromise and Installment Plan Evaluation |
$2,500 (includes Form 2848) |
*We charge additionally for a few other schedules and forms not listed here and we charge hourly for those who need extra time and attention.
**Depends on complexity and how organized your documents are. Additional charges will be incurred in you do not have Financial Statements formatted in accordance to GAAP.
***A discounted rate applies to clients with more than five rentals
**** If your mortgage loan balance exceeds $750,000, the IRS requires that you complete this worksheet since your mortgage interest deduction will be limited. You will need to provide your monthly mortgage statements for the entire year as we will need these to compute and complete this worksheet.
Retainers/Deposits:
We require a minimum $400 deposit for new clients filing personal tax returns and $800 for new clients filing business tax returns PRIOR to commencing work on your return.
Other Discounts Available:
- Available discounts for multiple tax returns prepared
- Current bookkeeping clients receive discount on all tax services
PRICING SUBJECT TO CHANGE WITHOUT PRIOR NOTICE