The Average Cost Of Tax Preparation By Cpa In 2023
Obstacles with the Right Tax Software The CPA Journal from www.cpajournal.com What is a Tax Preparation? Tax preparation is the process of preparing and filing tax returns to the IRS. It involves researching the tax laws, gathering the necessary documents, and preparing the tax forms. Tax preparation can be complicated and time-consuming, so many people choose to hire a Certified Public Accountant (CPA) to help them. A CPA is a professional who is licensed to provide financial advice and services, including preparing tax returns. What is the Average Cost of Tax Preparation by a CPA? The cost of tax preparation by a CPA depends on the complexity of the tax return and the CPA's hourly rate. The average cost for a basic 1040EZ tax return is $150 to $200. If your tax return is more complicated, such as if you own a business or have investments, the cost can range from $500 to $1,500. Additionally, some CPAs charge a flat fee or offer discounts for clients who sign up for their serv...