Small Business Tax Preparation & Filing
Pricing for business and individual returns is listed below. All tax returns at Incline Accounting are prepared under the supervision of a federally-licensed EA (Enrolled Agent).
Business Entity Tax Returns
We'll prepare and file a 1065 Partnership Return, 1120-S 'S Corporation' Return, or 1120-C 'C Corporation' Return.
$1199/return
Included at no extra charge:
- 1-hour consultation
- QuickBooks Online Diagnostic Review
- Any necessary return amendments
- Responding to related IRS correspondence
Add-Ons:
- $250 => Form 1125-A, Cost of Goods Sold
- $250 => Detailed/Complicated Schedule K
- $200 => Form 8825 Rental Real Estate Income
- $250 => Depreciation and Amortization Form 4562
- $200 => Other Forms and Schedules
Individual Income Tax Returns
We'll prepare and file a Form 1040. Includes Schedule A (Itemized Deductions) and Schedule B (Interest & Ordinary Dividends).
$599/return
Included at no extra charge:
- 1-hour consultation
- QuickBooks Online Diagnostic Review
- Any necessary return amendments
- Responding to related IRS correspondence
Add-Ons:
- $150 => Schedule C (for Sole Proprietors)
- $150 => Schedule D (Capital Gains & Losses)1
- $200 => Schedule E (Supplemental Income & Loss)
- $250 => Schedule F (Profit or Loss from Farming)
- $100 => Other Forms and Schedules
1 Includes related forms that may need to be filed as well
Proactive Tax Planning with a Tax Advisor
Tax time isn't the best time to look for ways to save money on your taxes. By then, it's often too late.
The better approach is to make decisions throughout the year that reduce your tax burden.
Making the right decisions, however, requires understanding tax laws, IRS rules, and the financial implications involved. That's where working with a licensed tax advisor throughout the year can be enormously helpful.
For example:
- You want to purchase some new equipment. Do you deduct it or depreciate it?
- Someone said you should be an S-Corp. Is that truly in your best interest?
- A few customers are way past due on paying you. Should you write off what they owe as bad debt?
- Should you use accrual or cash-based accounting?
Those are just a few examples of questions business owners face all the time. When questions like these come up, what's the best answer for you and your business? A licensed tax professional can advise you so you don't overpay at tax time.
When you sign up for year-round tax planning with us, you get:
- Tax preparation & filing (one business return & up to two owner returns included)
- Quarterly tax strategy meetings tailored to your circumstances and business
- Questions answered within one business day via email & chat
PLUS...
- Help with S-Corp election & maintenance1 if applicable
- Annual business entity selection analysis
- Tax deadline reminders
- Tax account monitoring2
- Bookkeeping & QuickBooks guidance
- Annual IRS-defensible comprehensive "Reasonable Compensation" report
- Personalized Tax Savings Plan (a $2500 value!!)
- Wealth-building strategies for business owners
- Additional tax returns are discounted 25% off the prices listed above
Billed over 12 months
Billed annually
(a $789 savings)
All of our service bundles include tax planning, so if you sign up for a bundle with us, you already get all this at NO EXTRA COST!
* NOTE: Cost may be higher for high-income individuals who need more advanced tax strategies.
1S-Corp Election and Maintenance
Once your profits exceed reasonable compensation, it's time to talk about S-Corp election. We'll help you evaluate if the tax savings are worth the extra administrative expenses, file your election with the IRS, and help you comply with requirements.
2Tax Account Monitoring
Each year, millions of IRS and state tax notices are sent to taxpayers requesting additional information or reporting discrepancies on tax returns. Our team is ready to review and respond to any tax notices you may receive.