Cost of Tax Preparation

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The cost of tax preparation varies whether the tax payer uses an online program or a tax service, and each form filed, such as a W-2, a Schedule C or a Schedule E, involves a fee. Calculate the cost of preparing taxes with information from an IRS tax agent in this free video on personal finance.

Part of the Video Series: Paying Taxes
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Video Transcript

On this segment we will talk about cost of repairing your taxes. There's a variety of costs if you come to us at Fast Tax Services just with a W2 we start out at 100 dollars and that's probably what you walk out with. But every form that we use besides the basic W2 has a charge. For instance if you are self-employed and must file a schedule C, there's a charge along with that schedule C there's a self-employment tax and there's a charge for that. There's a schedule E for rentals, there's a schedule A for your personal deductions and there's many other schedules besides. Each schedule has a price. If you have a very simple tax return, perhaps you should buy a program on your own and try it and see how you fare. If you have any problem with it, and you can't complete your tax return, give us a call and we'll see if we can't work you in and have, give you the help you need. Thank you very much.

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