How much does it cost to get your taxes done? I filed an extension and need to get them prepared soon.?

Question

I'm a nanny, and my employer doesn't take out taxes. They are not complicated or anything.

Answer 1

Given that you may be an independent contractor, your tax preparation fees will be higher than a simple wage-earner.

At H&R Block, along with most other chain tax firms, the charges are based on the schedules and forms that are prepared.

CPA's and other independents may charge by the hour, or by the form as well.

I don't know what area of the country you are in, that will have an effect on the charges as well. Additionally, you may have to file a state tax return, which will cost more.

Best of luck. I sugest you don't wait till the last minute. You may be able to have them prepared but not signed/sent, then pay when you pick them up to send them in.

Good luck.

Answer 2

The cost will depend on who you use to prepare your taxes. Also, your location has something to do with fees.

You will get the most professional job from a CPA. The education requirements on an annual basis to be licensed as a CPA far exceed those of enrolled agents, and any person employed by any of the chains, i.e. H&R Block, Jackson Hewitt, etc.

In my area, AZ, fees range from $125 & up. The fee depends on the complexity of the return and what planning services you avail yourself of.

You may contact the State Society of CPAs in the state where you live and they will be happy to give you at least 3 names to call for a quote.

In any event, you should not wait until the last minute.

Answer 3

You should get a statement from your employer about how much you were paid then file 1040EZ. You should be able to figure that out for yourself or you might pay $50. Ignore any posting here that suggests you should report self employment tax. Did your employer take out social security? As a household employee, he is not required to withhold income tax but is required to withhold or pay both halves of social security for any household employee earning $1,500 per year or more. If he isn't he is cheating you out of this benefit. File IRS Form SS-8 with any proof of earnings and keep a copy for the time you get a social security earnings statement that doesn't show it.

Answer 4

I believe they each charge a different price. I remember an
office near where I grew up that claimed to have the lowest
prices around for doing peoples' taxes. And my grandparents
decided to go with H&R Block, the national service and who advertised their services.
They charged a bit more, and even made a mistake. And the
form came back to my grandparents. So they had to pay
someone else to do them correctly. And doing accounting
and taxes is the H&R specialty. So you wouldn't expect them
to make a mistake.
You'll have to consult your phone book and call some
reputable agents in your area, and then ask what each charges.

Answer 5

It depends on the time involved. What shape your information is in.... Based on the information you provided it seems like it should cost you around $150 for the federal, state & local tax returns. Where I am I could e file the federal & state tax returns for you.

I am a CPA. Feel free to email if you want,

Answer 6

There is a lot you need to know as contract labor. You are costing yourself money. Different companies charge different amounts. Be very careful with the very low priced ones because you get what you pay for.