Income Tax Return Preparation
Minimum tax return preparation fee is $1,000.
Actual fees vary depending on complexity; minimum fee includes up to four hours of professional services. If the complexity of the tax return requires additional time, this will be billed at $250 per hour.
Extension, if required
Electronic filing, if eligible
Quarterly estimated tax payment vouchers based on prior year safe harbor method, if needed
Entity Tax Returns
Trusts and estates: starting at $1,000
Corporations, S-corporations, partnerships: starting at $1,500
Complex / Cross-Border Situations
Minimum tax return preparation fee is $1,500.
Actual fees vary depending on complexity. Minimum fee includes up to six hours of professional services. If the complexity of the tax return requires additional time, this will be billed at $250 per hour.
Complex issues include (for example) equity compensation and income from trusts / partnerships / S-corporations, etc.
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.
Foreign Bank Account Reports (FinCEN 114): $500+ each
Form W-7, Application for Individual Taxpayer Identification Number (ITIN): $500
Year End Tax Consulting Services
For current tax preparation clients, this optional service package includes:
o Projection of current year tax liability to guide decisions about quarterly estimated tax payments
o Discussion of any tax planning opportunities that may apply
o Assistance with adjusting withholding, if required
These services will be provided at no additional cost for clients of Soaring Wealth LLC.
Additional services include providing advice, answers to questions, research, consultations, and addressing matters involving the Internal Revenue Service or other tax authorities.
Such services will be billed at $300 per hour.
I also offer consultations to other financial advisors on cross-border situations, equity compensation, and other issues.
Such services will be billed at $400 per hour.