Typical fees range from $250 to $500 for most personal tax returns.
Your tax preparation fee is not dependent on the number of forms used to prepare your tax returns. Rather your fee will depend on the amount of time required to accurately prepare your tax returns and provide you with year round tax advice. You can help by being organized and using our simple individual organizer. Unlike other tax accounting firms, we are comfortable giving firm price quotes and guaranteeing our work.
Stock Based Compensation
We have extensive experience dealing with stock based compensation. In the U.S., stock options granted to employees are of two forms that differ primarily in their tax treatment. They may be either:
If you are a US citizen or a resident alien of the United States and you live abroad, you are still taxed by the IRS on your worldwide income. But, if you earn wages as an employee or have self-employment income while working in a foreign country as an ex-patriate or expat, you might be able to exclude up to $99,200 (in 2014; $100,800 in 2015) as tax-free income (or 2 x $99,200 or $198,400 if married to another foreign income earner). This alone would save you $24,000 in taxes (or over $48,000 for couples who both qualify).
So, it’s a big deal, and it’s an even bigger deal that you take the necessary steps to qualify for the foreign earned income exclusion and its cousins the foreign housing exclusion and foreign housing deduction.