Fees for Services in 2018
2018 Fees
Please remember our office address and update your mail to me:
Hodge Group, LLC
3943 N. Austin Avenue
Chicago, IL 60634
2018 should be an exciting year! This will be the second year in the new office and i"m looking forward to working with you.
There's a number of new things happening in the tax laws this year:
- Increased reporting requirements for the Earned Income Tax Credit as well as Child Tax Credit - people with these credits can expect extra scrutiny as well as potentially delayed refunds.
- A delay in receiving 1095-A, B & C forms (allowed by the IRS!) will mean people who get the Advance Premium Credit from the Healthcare Marketplace will need to wait for their forms before filing.
- Increased scrutiny for Health Insurance compliance (under the Affordable Care Act, aka Obama Care) and an additional form or two to report health insurance
- The emphasis from the IRS and state tax agencies on Identity Theft and other Tax Fraud requiring enhanced security and testing that may delay refunds.
- Additional avenues for tax planning, especially for small businesses. The recently passed Tax Cuts and Jobs Act will change things dramatically for just about everyone and I'll be posting articles throughout the year as the Act's implications and interpretations are finalized - expect some technical corrections to be passed (as happens with most tax changes) to clear up confusions.
In addition, everyone should know that I'm available (almost) year-round for a consultation so your fee covers more than just your tax return.
I modify my fees based on time, complexity and demand - in addition, I annually review online Tax Preparation surveys and I try to keep things affordable for everyone while being able to cover increased expenses. Below is a listing of the most used tax forms and associated fees.
If anyone has any questions or comments, please go to the Contact Page & send me your thoughts.
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2018 Fees Schedule |
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Item |
2018 Fee |
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Consulting |
$100 |
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Bookkeeping, including data entry |
$40 |
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Tax Forms - Individuals: |
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Form 1040, including e-filing & 1 State form |
$145 |
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Form 1040 A, including e-filing & 1 State form |
$100 |
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Form 1040 EZ, including e-filing & 1 State form |
$50 |
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Schedule A - Itemized Deductions |
$45 |
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Schedule B - Interest & Dividends |
$45 |
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Schedule C - Profit or Loss from Business |
$170 |
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Schedule C-EZ - short form of Schedule C |
$50 |
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Schedule D - Capital Gains & Losses If there are more than 20 stock transactions, I will charge bookkeeping fee for time spent on data entry in addition to the fee for the Schedule D. |
$140 |
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Schedule E - Rental Properties |
$140 per property |
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Schedule E, Page 2 - Non-Rental Properties |
$40/item |
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Form 4562 - Depreciation |
$60 |
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Form 6251 - Alternative Minimum Tax |
$70 |
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Health Care Related Forms (8962 & 8965) Net Investment Income Tax Earned Income Credit |
$25 $25 $25 |
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Tax Forms - Business Entities: |
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Form 1065 - Partnerships |
$550 |
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Form 1120 - Corporations |
$550 |
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Form 1120-S - Small Corporations |
$550 |
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Form 1041 - Estates & Trusts |
$550 |
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Form 990 - Not-for-profit Returns |
$650 |
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Other Tax Forms: |
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Sales Tax |
$65 |
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W2 / 1099 forms (no charge for transmittal forms) |
$30 per form |
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Form 940 - FUTA |
$50 |
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Form 941 - Quarterly Payroll Tax |
$40 |
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