One of the most popular posts on this blog is our outline of fees for tax representation. In that post, we explain as thoroughly and honestly as possible what we charge to represent taxpayers before the IRS and/or State.
When should you pay more than $4000 for tax representation / resolution services?
Here's a brief outline of the kind of cases that warrant that kind of fee:
- 941 tax liability on a large and open business.
- Corporate tax preparation 1120S or 1120 needs to be done in addition to representation..
- Many complex tax returns (1040's) need to be done on top of representation/negotiation.
- Estate/trust/entity set up and/or tax preparation in addition to representation.
- A large balance case assigned to a Revenue Officer for someone with numerous business entities.
If you don't have one of the above cases, there is no reason you need to pay more than $4,000 for tax representation or resolution. NO WAY. Watch out for companies that charge more than this. A fee that large is just to pay a generous commission, usually to a salesperson.