enduranceal wrote:

- quote -

6 hours times hourly rate, adjusted as appropriate for the
specialized nature of the situation, to the extent that you
have specialized knowledge.

If I could avoid it, I wouldn't quote a flat fee on that
kind of work (and we do flat fees on almost everything).
And since you apparently didn't agree to any particular
price up front, hourly seems the most appropriate way to go.

Phoebe

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enduranceal wrote:

- quote -

I usually charge on a "per form" basis. However, with a
return of that complexity, I would charge on an hourly
basis. I had a client with a very similar 1031 situation
last year, plus a Schedule C and a couple of K-1s (with
basis issues). My final charge for that return was about
$2,700 (federal only). But it might be hard to make a
comparative without looking at the particular issues and
hours involved.

MTW

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Need advice on what is a fair price for the preparation of
the following tax return:

Taxpayer did a 1031 nontaxable exchange with multiple
properties. That is, He exchange one rental fourplex for 3
rental houses. (About $500,000 en value)

I also need to prepare the 4 sch. E for the above properties.

It took me aproximately 6 hours to complete this task.

All I need is a ball park figure so I can get an idea on how
much to charge him. Any help is appreciated.

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