Boutique Tax Firm

Income Tax, Foreign Reporting, Small Business Accounting, and IRS Problems.

Income Tax Services in Huntington Beach

Our expertise in income tax preparation is a reliable solution for those that want a structured approach to overcoming tax season with confidence.

Clients have access to the expertise and support of a federally-licensed tax advisor that specializes in California.

For new clients, the most commonly asked question is: “What are your fees?”

The short answer, like all things tax-related, is it depends. In general, fees are based on the:

Forms & Statements we prepare;
Tax Documents analyzed or reported;
Research & Calculations required.

Below are the most frequently prepared forms and schedules and their associated fees. We offer this information for reference purposes only so you know what to expect.

Individual Tax Return $450

Form 1040 | Federal & State Return

IRS Form 1040 is the Federal Income Tax Return required annually of all U.S. persons. Many U.S. residents, including those of us here in Orange County, must also file a California Resident Tax Return.

This fee includes preparation of both federal Form 1040, including Schedules 1-6, and one state resident tax return. For example, New York Form IT-201, Illinois Form IL-1040, and, of course, California Form 540.

Itemized Deductions $200

Schedule A | Federal & State

The most common itemized deductions are medical expenses, state taxes, mortgage interest, and charitable contributions. In recent years, more taxpayers are benefiting from a higher standard deduction. So, unless you’re paying down a mortgage, it’s possible Schedule A hasn’t been included in your federal tax return.

What shocks most clients, is learning how important itemizing deductions is for reducing state income tax. In California, where the standard deduction is low and the allowable deductions are plentiful, the tax savings easily exceed be in the thousands.

Interest & Dividends $85+

Schedule B | Interest & Dividends

Reports taxable interest or ordinary dividends over $1,500. Additionally, there are important questions about owning or controlling foreign bank accounts, if FinCEN Form 114 is required, and foreign estates and trusts.

Business Profit & Loss $475+

Schedule C | Self-Employment

Reports income or loss from activities as a business. May include sole proprietorships, contractor labor, or services in the ‘sharing economy’.

Dependent Care Expenses

Dependent Care $95

Form 2441

Tax credit for expenses paid to care for child or qualifying person when working or looking for work.

Non-Cash Donations

Non-cash Donations $85

Form 8283

Reports noncash charitable donations reported on Schedule A that exceed $500 for all contributed property.

Additional Child Tax Credit

++ Child Tax Credit $65

Form 8812

Additional tax credit for child or other dependent that meets specified conditions similar to CTC.

Education Credits

Education Credits $75

Form 8863

Tax credit for expenses paid to post secondary educational institution; AOC and Lifetime Learning Credit.

Due Diligence Checklist

Due Diligence Checklist $70

Form 8867

Tax credit for expenses paid to care for child or qualifying person when working or looking for work

Health Savings Account

Health Savings Account $65

Form 8889

Reports noncash charitable donations reported on Schedule A that exceed $500 for all contributed property.

Sale of Capital Assets

Sale of Capital Assets $65

Form 8949; Box A/D – Reported to IRS

Reports sale and other dispositions of capital assets; transactions often include securities, real estate.

MFS Tax Allocations

MFS Tax Allocations $450

Form 8958 – Married Filing Separately

Reports allocation of tax amounts between certain individuals in community property states (CA).

Additional Medicare Tax

++ Medicare Tax $95

Form 8959

Additional medicate tax on wages and self-employment income when exceeding certain thresholds.

Net Investment Tax

Net Investment Tax $95

Form 8960

Additional tax on net investment income (e.g. interest, dividends, and rents) when exceeding MAGI threshold.

Premium Tax Credit

Premium Tax Credit $125

Form 8962

Reports and reconciles tax credits for certain people enrolled in a qualified health plan through a Marketplace.

Wage and Tax Statement

Wage Statement $45

W-2/1099

Additional income and tax statements may include: Forms 1098, SSA-1099, 1099-G, 1099-R and W-2.