SERVICES PROVIDED
- Preparation of personal income tax returns (1040) with free e-file
- All US state returns, including non-resident state returns
- Remote/virtual tax preparation with secure portal
- 1040 NR with no tax treaty positions.
- ITIN application (W-7), if needed, must be completed prior to preparation appointment.
- Business forms for Sole-proprietors (self-employed, gig or 1099 income)
- Tax Planning, W4, understanding recent tax legislation
- Amended tax returns
- Decedent return, estate income tax (1041) and NJ inheritance tax returns
- Dependent Returns (one complimentary per paid parent return)
- Review of return prepared by client or other tax preparer
- Understanding tax letters from the IRS or state tax agencies
- Assistance with NJ PTR1 and PTR2- “Senior Freeze” *Free at time of tax preparation
- Notary service for tax clients
- We do NOT prepare returns for non-profits, S-Corps, C-Corps, Partnerships, or complex trusts.
PRICES
Prices are typically significantly less than “big-name” tax preparation firms and CPA firms. (See “Average Prices for Tax Preparation” below)
We also give you benefits that you don’t get with self-prepared returns, even those using online programs, apps or tax prep software. (See “The Prosperity Advantage” below)
Prices for Tax Returns prepared during 2024 START* at:
- 1040 single filer,one W2 only $85
- 1040 married joint filers $100
- 1040 with adjustments and/or investments $150
- 1040 with itemized deductions, or Schedule C (self-employment) or Schedule E (rental, partnerships) $175
*Prices are based on complexity of return. Complexity is determined by required and optional forms, additional states, calculations, certain line entries, time taken to complete return, etc.
Most clients believe they have a “simple” or “straightforward” return-but this is not always the case. A lot of knowledge and critical judgment is required to accurately prepare a return. The reduced risk of letters from the IRS or state tax agencies and assistance we provide if you receive these letters is priceless.
DISCOUNTS
Although rates are already extremely affordable, we also offer senior citizen, and active duty military discounts.
AVERAGE PRICES FOR TAX PREPARATION*-$200, $350, $500??
(*According to several website resources)
“How much does it cost to get your taxes done?”
THE PROSPERITY ADVANTAGE
“My taxes are easy, I use ‘TeeboTax’ and do it myself!”
Saving money is an economic value practiced by most cultures. However, is it the wisest choice to use do-it-yourself software to pay less for tax preparation? When you finish entering things into the software how do you know the refund or balance due is correct? How do you know if there are additional entries you could make to get a larger refund? What will you do if you get a letter a year later from the IRS assessing additional taxes and penalties?
With Prosperity, your tax preparation fee includes:
- Accurately prepared return with review of available deductions and credits on both federal and state returns that software may not prompt you for, taking away that uneasy feeling you get from using home products.
- Explanation of income, deductions, credits, taxes, and the “why” your refund or balance due is possibly more or less than you expected.
- Assistance with letters that you receive from taxing authorities regarding returns prepared at Prosperity, and consultation on letters from prior year self prepared or other firm prepared returns.
- Tax planning for future returns, including: identification of tax saving opportunities, tax consequences to expect when there are changes in your life, withholding form adjustments to reduce your year end balance due, and estimated payments for self-employed workers and other taxpayers who may be required to make quarterly payments.