Tax Preparation Services
Fee Schedule
US Persons Living in the US
Minimum tax preparation service fees are:
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For single individuals: $600+
For families: $750+
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Actual fees vary depending on complexity.
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Fees include:
Extension, if required
Electronic filing, if eligible
Quarterly estimated tax payment vouchers based on prior year safe harbor method, if needed
US Expatriates and Foreign Nationals
Minimum tax preparation service fees are:
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For single individuals: $800+
For families: $950+
Actual fees vary depending on complexity.
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Fees include two hours of time related to cross-border reporting issues. Beyond two hours, time will be billed at $200/hour.
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Cross-border issues include (for example) calculating and reporting foreign-source income, deductions and tax credits, determining resident filing status, and preparing Form 1116, Foreign Tax Credit, and Form 8938, Specified Foreign Financial Assets, etc.
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Foreign Bank Account Reports (FinCEN 114): $200+ each
Form W-7, Application for Individual Taxpayer Identification Number (ITIN): $400
Annual Tax Consulting Services
For existing tax preparation clients, this optional additional service package includes:
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o Projection of current year tax liability to guide decision about quarterly estimates
o Assistance with adjusting withholding, if required
o Consultations throughout the year, as needed
o Year-end tax planning services, including updating the tax projection
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$400 per annum.
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These services will be provided at no additional cost for clients of Soaring Wealth LLC.
Other Tax Services
Additional services include providing advice, answers to questions, research, discussions, and attendance at meetings, including with respect to matters involving the Internal Revenue Service or other tax authorities.
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Such services will be billed at $200 per hour.