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re: Should I find another CPA?

Posted on 5/5/15 at 7:21 pm to
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 5/5/15 at 7:21 pm to
quote:

He charges $450 to prepare a tax return. However, I found that I did all the leg work--entering into spread sheets all my expenses from 2014 and organizing all my receipts. Do most CPA’s work like this?


I don't know if most work like this, but if he's doing the leg work for you it will cost quite a bit more than $450 even for a personal return, let alone a business return.

quote:

I just recently found out that I could have deducted the interest for my student loans and saved $900 in taxes. He said he could do an amendment for me for $165 if I want.


If you gave him the loan info then he probably shouldn't charge you to do the amendment, but honestly you probably saved more than that in the upfront fee. If you didn't give him the loan info at first then he's perfectly entitled to charge for it. He can't possibly check for every possible deduction, there are 30 gazillion pages of tax code to go through.

I wouldn't worry about it all that much, we aren't talking about big dollars here anyway. If you want total white-glove turnkey service that will be many thousands of dollars.
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