Let's get down to the most important question for some: what do we charge for representation on your tax case?
Our base fee is $1,750.00, and we can add and subtract from that depending on your situation. This fee is a flat amount, and you should not expect to pay anything else as long as you follow our protocol.
IRS or State Collection Cases
- Individual back taxes representation, Form 1040
Your case could be assigned to IRS Automated Collection Systems (ACS), Revenue Officer or not in collections (yet). Full representation, tax transcript research, monitoring of tax case and resolution of tax problem—start to finish—includes appeals. "Resolution" might include Offer in Compromise, Uncollectible Status, Payment Plan Negotiation and/or Penalty Abatement. (This list of letters might help you determine the status of your IRS case.) $875 to $4,000.
- Payroll tax liability representation, Form 941/940 taxes
Full representation and resolution of tax problem whether your business is open, closed or soon to be closed. $1,275 to $5,500.
- Research of IRS tax record and analysis of tax problem
Need to know where you stand with the IRS? What's the bare minimum of tax returns you should file? What do you owe? When are your tax liabilities going to expire? How should you resolve your tax problem? $275 to $500.
- Penalty abatement
Preparing an official request waiver of penalties and interest on your income or business taxes (includes appeals). $550 to $1,550.
- State tax representation
We'll handle all contact with the state for you: releasing levies, negotiating Offer in Compromise if possible. $875 to $1,500.
Audit or Examination Cases
- 1040 income tax audit representation
Full audit representation; you won't have to appear! Audits have many different stages as explained here. We can enter on your behalf at almost any stage but the earlier the better. $1,750 to $5,500.
- Appeal of audit or Audit Reconsideration
If we think your audit was screwed up or if you received a Notice of Deficiency (which officially closes the audit), we can appeal it for you. The appeal can be done by filing an Audit Reconsideration or Doubt as to Liability - Offer in Compromise. $1,750 to $4,000.
Tax Preparation - Normal
Individual returns (including state filing) are generally $250 to $400 per year. If you were self-employed, you can expect the fees to be on the higher side.
Corporate and partnership returns are generally $750 per year depending on depreciation and other complexities. Clients will provide profit and loss statements and balance sheets (or we arrange bookkeeping for an additional fee).
Expat returns range from $350 to $600 per year. We do apply all exemptions afforded to expats which usually considerably minimizes their liability. If you’re an expat who might have foreign assets (real estate or accounts in excess of $10,000), you might need FBAR or FATCA reporting which would put the fees on the higher end.
Tax Preparation - Non-Filers of Many Years
If you are a "wage earner" and you haven't filed taxes in 7+ years, filing six years of returns brings most people into “compliance.” However, some wage earners might try to file just three to four years and see if that satisfies the system. We would charge between $1000 to $2000, depending on the amount for these returns, including the research, analysis, and getting your transcripts (W2s, etc.). (We base our recommendations on 1) your ability to get refunds and 2) what the IRS is usually looking for but our recommendation could change if the IRS asks for more than four years.)
If any tax resolution/representation client cannot afford tax preparation in addition to tax representation fees, we will guide and assist that client at no extra charge to do his/her own tax returns, providing the wage and income docs and a template, etc.
If you do your research and call around, our fees are almost always considered the most affordable.
For 30 years, WATAX has been solving every kind of tax problem. Call us at 1-888-282-4697 or email us a description of your tax issue and we'll contact you.
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