According to a survey reported in accounting today, the average fee to prepare taxes is going up this year:
Tax practitioners will be charging more this year for tax
preparation, according to an annual survey by the National Society of
Accountants.
Taxpayers can expect to pay an average of $261 for
an itemized Form 1040 with Schedule A and a state tax return, the survey
found, compared to the $246 reported in last year’s survey.
The fee for non-itemized return will also rise, to $152 for a Form 1040 and state return, against $143 last year.
The IRS says it takes an average of four hours just to complete and
submit a Form 1040,” says NSA executive vice president John Ams. “Add at
least another hour if you also have to complete a state return. You
have to ask, ‘How much is your time worth?’”
Read more by clicking on this link.
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