Boutique Tax Firm

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

Income Tax Services in Huntington Beach

Filing Deadline: April 18, 2023

The deadline for individual taxpayers, filing Form 1040 for tax year 2022, is April 18th; or October 16, 2023 for those requesting an extension. The same deadline applies to state resident tax returns and those required to file FinCEN Form 114.

California is infamous for high taxes, complex reporting, and unforgiving tax collectors. At a minimum, the process is chore for residents but it can quickly overwhelm a California taxpayer without the professional guidance of an experienced accountant.

Our expertise in income tax and accounting is a reliable solution for Orange County residents that want to skip the chaos, get through tax season with confidence, and have the year-round support of a federally-licensed tax advisor; right here in Huntington Beach.

Since 2013, we’ve consistently been top rated on Google, a 5-star business on Yelp, and one of the Three Best Rated for Huntington Beach tax services. We’re proud of our reputation but it’s the relationships we have with our loyal clientele that makes us proud.

Finding an accountant, experienced in tax preparation, is important criteria but knowing the cost could be as well. New clients, reasonably, want a definitive answer to: What are you’re fees?

The short answer, like most areas of taxation, is it depends.

Our process for new clients starts with an office appointment, where we’ll review your documents and learn about your personal situation, then use that information to prepare a fixed-fee invoice, that’s payable upfront, but offered under no obligation.

Fees are based on the:

Forms & Statements we’re we prepare;
Number of Documents that you provide us;
Research & Calculations needed when there are added complexities.

So you know what to expect, below are the most frequently prepared forms and schedules to use as a reference:

Individual Tax Return - $450

Form 1040 | Federal & State Return

Form 1040 is the federal Tax Return required of all U.S. taxpayers annually. Many state residents, such as those right here in Orange County, California, have an additional tax filing requirements. This fee includes Form 1040, including Schedules 1-6, and California Form 540.

Itemized Deductions - $200

Schedule A | Federal & State

The most common itemized deductions are medical and dental expenses, taxes, mortgage interest, and charitable contributions. In recent years, more taxpayers are benefiting from a higher standard deduction so it’s possible you don’t need to include Schedule A (1040) unless you own a home with a mortgage.

What shocks most clients, is learning that deductions play an important role on their state tax taxes as well. In California, where the standard deduction is low and the allowable deductions are plentiful, the difference in tax savings could easily be in the hundreds, if not thousands.

Interest & Dividends - $85

Schedule B | Interest & Dividends

Reports taxable interest or ordinary dividends over $1,500 and interests in foreign accounts 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 Expenses - $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

Additional 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

Additional 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 and Tax Statement | $45

W-2/1099

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