Accounting-TAX

Tax Accounting

Tax Accounting refers to accounting for tax purposes in the United States. Unlike most countries, the U.S. has a comprehensive set of accounting principles for tax purposes, prescribed by tax law, which are separate and distinct from Generally Accepted Accounting Principles.

The difference between the LTC license and the EA license is that EA is a national license whereas LTC is a state designation.

  • LTC: Licensed Tax Consultant. An LTC can only represent tax returns they prepared and originally signed.
  • EA: Enrolled Agent with IRS. An EA can represent a taxpayer in any interaction with the IRS, without the taxpayer being present, regardless of whether or not the EA prepared the original tax return.

Tax Preparation Basic Price List - 2014TY

Personal Returns*

Prices**

Notes
1040 & OR 40   $150.00 + Federal & Oregon
Federal Schedule A   $50.00 + Itemized Deductions
Federal Schedule C   $75.00 + Business Profit & Loss
       

Business Returns

  

Prices**

Notes
1065 & OR65   $500.00 + Partnership
1120S & OR 20S   $500.00 + S Corporation
       
Accounting Services     $85.00 per hour
Bookkeeping Services     $55.00 per hour
 
* Price list is minimum per form or schedule

** Addt'l charges may apply depending on complexity of work. Rush fees may also apply.