View Price Factors below for more detailed information.
Starting at
✅ Federal return + 1 state return
✅ 15-minute handoff meeting
✅ Limited tax bookkeeping
Starting at
✅ Federal return + 1 state return
✅ 15-minute handoff meeting
✅ Limited tax bookkeeping
Read all about it in our Guide to Tax Season.
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Reprocessing your tax return to include information that wasn't provided to us to prepare the return (i.e. more deductions added, unknown K1, etc) |
$75 |
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Expediting your tax return ahead of other client returns (i.e. the return is needed ASAP) |
20% of the Total Tax Return Cost |
May apply if we do not receive the required financial statements or are required to make modifications to the books and records provided to us to prepare your tax return.
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Preparing financial statements in order to prepare the tax return: |
Hourly rates |
|
Posting journal entries: |
$125 per 25 lines |
May apply if state filings are required, or if we are required to prepare apportionment schedules on your behalf to prepare a state income tax filing; or if we are required to include additional information related to your foreign activities or your foreign investors.
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Preparation of state returns (individual): |
$200 per return |
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Preparation of state returns (business): |
$325 per return |
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Reporting foreign bank accounts (FBAR / Form 114): |
$175+ |
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Foreign tax filings (Forms 5472) |
$175 per filing |
|
Other foreign tax filings |
Hourly rates |
May apply if you have a more complex investment structure (multiple or complex 1099s, K1s) or if you have a substantial amount of updates required (such as from purchasing or selling multiple fixed assets or having a complex fix asset structure, multiple information updates for the owners of your business, etc).
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Form 1099s [first 3 included]: |
$50 per 1099 |
|
Schedule K-1s [first 3 included]: |
$50 each |
|
Fixed asset updates - buying or selling combined [first 10 included]: |
$25 per group of 10 assets |
|
Owner information updates [first 2 included]: |
$15 per update |
May apply if we are required to include a Schedule C, rental property (Schedule E or Form 8825) on your income tax return; or if we include a special form or election; or if special calculations are required for your investments, such as application of the basis rules.
|
Form 2553, S-Corp election |
$300 |
|
Converting from cash basis to accrual basis |
$475+ |
|
IRC Sec. 754 adjustment (Form 1065 only) |
$650+ |
|
Complex special allocations under your partnership agreement: |
Hourly rates |
|
Filing a business return (Schedule C) on your tax return: |
$175+ |
|
Rental properties reported on your individual return (Schedule E): |
|
| First property |
$175 |
| Each additional property |
$75 per property |
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Rental properties reported on your business return (Form 8825) [first 3 included]: |
$75 per property |
|
Combined tax return (most commonly, for rental property LLCs) - inclusion of additional LLC: |
$250+ each |
May apply if there are other complex items that aren’t “normal” to most Taxpayers, such as special foreign filings, forms, returns, etc. If we haven’t listed it, and we deem it is complex (or it is listed, but the issue at hand is more complex than we indicate here), then that service will be completed at hourly rates.
Examples
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Research related to books/records not being correct, retained earnings not rolling forward, understanding underlying transactions to post adjusting journal entries |
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Preparing the state apportionment worksheet on your behalf or, if required, updating it multiple times |
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If we are required to perform research on nexus requirements for each state in which you operate or could be operating |
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Schedule K-1s issued by pooled investment vehicles (publicly traded partnerships, hedge funds or similar investment structures) where a K-1 shows one or more of the following: multiple operating activities, multiple 199A activities, multiple states, oil and gas activities, etc. (these rates are in addition to the base pricing) |
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Investment calculations & planning when applying rules related basis, at risk and passive activity losses; determining your active or basis status; discussions surrounding real estate professional status |
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Additional work required when you buy or sell a business |
All prices are subject to change depending on the specifics of your tax situation.
Looking for other tax services? Check out our additional services for info about trusts, 1099s & more!
All that's left now is an introductory call to confirm your details and make it official.
If you have a complex return, we'd be happy to provide a more detailed quote to ensure you are fully informed of the potential cost to you. Ultimately, your specific tax circumstances dictate the final cost of your tax services.
We love to be transparent when it comes to pricing. That's what you deserve from a tax partner.
"I trust DiMercurio Advisors to do both my personal and business taxes and I couldn't be happier with the results. They have straightforward pricing and top quality results with no catch. I highly recommend!"
Quarterly estimated taxes are an important piece of the tax planning puzzle. If we are completing your tax return, Safe Harbor calculations are included, if required. This method is enough to help avoid penalties from the IRS but does not provide the most accurate estimate.
Whether you file your tax returns with us or somewhere else, we can give you a more precise calculation of estimated taxes. For quarterly estimated taxes calculated based on your current books, rates start at $350 per quarter. This will give you a very accurate estimate of your taxes owed so you aren't left with a big surprise when tax season rolls around.
When you have past due or back taxes, we’re required to prepare several years of returns at the same time. Doing this typically means a little extra work than when preparing a single year tax return. You can reasonably estimate the cost of these returns to be the current year rates + 10% for additional time spent.
Note that for any past due tax project, we require a 50% nonrefundable deposit to be paid before we begin the project. As we prepare your returns, we will progress invoice you for them. Your deposit will be applied to your final tax return invoice from us.
If we prepared the return being amended, the cost will be somewhere between 50% to 75% of what the original return cost. This covers updating the return and the return going through the quality control process again.
If we did not prepare the return being amended, the cost will typically be between 70% to 100% of what we would have charged if we had prepared the original return.
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Florida (per return/county) |
$300+ |
|
Other states (per return/county) |
$300+ |
Reporting for self-directed 401(k), solo 401(k) and other self-directed retirement plans (Form 5500EZ) with no tax due starts at $500 to $750.
For the tax team, hourly rates range from $135/hour to $345/hour.
Tax strategy and planning is offered at hourly rates.
This session typically includes reviewing your tax situation from the top-down, planning for major events in the near future, and giving actionable advice for making your business as tax-efficient as possible.
For tax advisory, billable time includes all advisory time before, during or after a meeting. Examples include time spent reviewing documents, answering questions, conducting research, and more.
Anytime your business changes its financing, it will affect your income taxes. Whether that's through adding or removing partners/owners, taking a loan, or something else, you'll want to plan it ahead of time to minimize your tax liability.
Advisory regarding financing your business is offered at hourly rates.
For tax advisory, billable time includes all advisory time before, during or after a meeting. Examples include time spent reviewing documents, answering questions, conducting research, and more.
The way you choose to structure your business(es) has a huge impact on your overall taxes and, in the end, your bottom line. Speak with a tax advisor about the best way to build your business.
Advisory for business structuring is offered at hourly rates.
Business structuring is often accompanied with tax strategy and planning. After just one session, you'll walk away with a roadmap for you and your business.
For tax advisory, billable time includes all advisory time before, during or after a meeting. Examples include time spent reviewing documents, answering questions, conducting research, and more.
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Base price |
$250/batch |
|
Price per form: |
|
| First 10 forms |
included |
| Additional forms |
$7/each |
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Mailing service |
$3.00/each |
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Assistance outside of preparation |
|
Additional copies of the 1099 filings: |
|
| Digital copy, per request |
$25 |
| Paper copy, per request |
$25 to $50 |
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Review without response |
|
Standard response [CP161, CP162] |
$125 to $150 |
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Standard response [CP59, LTR12C] |
$175 to $250 |
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All other notices (custom response) |
Audit & collection representation is offered at hourly rates.
If the IRS is auditing you or has initiated a collection action against you, we have your back. Our team is well versed in representing Taxpayers in these situations and welcomes the opportunity to represent you before the IRS.
We will work as an intermediary between you and the IRS in order to explain what the IRS is looking for and provide that information to the IRS in the best manner possible. Along the way we'll update you on the status and provide an ear when you need it. An audit can be challenging, but you don't need to go through it alone.
|
Bank comfort letters |
$175 to $275 |
|
Additional copies of your tax returns |
|
| Digital copy, per request |
$50 |
| Paper copy, per request |
$50 to $100 |
|
Effective tax analysis |
$175 to $325 |
|
Schedule K-1 mailing service |
$3.50 |
|
S Corporation election |
$300 |
|
Power of attorney (POA) |
$150 |
You can pay by credit card, check or ACH.
For most tax services, payment is due upon completion of your tax return or other service.
Some services, usually projects with a larger scope or longer term, will require a portion of the payment upfront. For more complex returns, you may be progress-billed (billed throughout the completion of your return(s) due to the size of the project).
To learn more, ask an advisor how your services will be billed prior to engagement.
No. But if you ask us, yes.
The truth is, you don't need a tax professional. With that being said, the large majority of business owners benefit greatly from speaking with a tax professional. That's why we always advise business owners, especially new business owners, to hire a CPA to help navigate their tax situation.
For more info, check out our article that compares using TurboTax to working with a CPA.
Hopefully.
We can never guarantee that we will save you money on your tax bill. We can guarantee that, by working with us, you will operate with a savvy tax strategy while remaining compliant with the IRS. It doesn't get better than that.
The following services are included with each income tax return:
The following services are not included with your tax return but can be added on at an additional charge.
Partner: $345/hour
Tax Manager: $265/hour
Senior Tax Associate: $195/hour
Tax Associate: $135/hour
Usually, no.
We only work with nonprofit entities when they are funded by a client business or family group. We don’t work with other nonprofits that are usually funded by third party donations and other outside funding sources.
If you need a nonprofit tax expert, we would be happy to introduce you to one of our trusted partners. You can contact us for more information.
No.
For the time being, we only file tax returns in the United States.
If you have a business with foreign owners, shareholders or investments, we can still work with you on all matters relating to US tax compliance.
Yes.
We file returns in all 50 states in the U.S. For pricing purposes, you can expect income tax returns in most states to cost approximately the same amount. Only a few states, such as California and Pennsylvania, typically have a higher cost due to increased state-specific standards in those states.
Yes.
Check out our accounting services pricing for details on sales tax rates.
