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Short Form Comparison
Below is an actual example of my Fees
versus a national, commercial company that advertises on
TV.
Short Form - You are paying for their advertising, Office Rent, Equipment , Staff
Salaries, and HUGE CORPORATE BONUSES.
| Form |
Joe
Lilly, CPA Fees |
National Commercial
Preparer Fees |
| Federal & State Income Tax Form 1040 includes
one W-2 or
1099R Form |
$
40.00 |
$105.00 |
| Each additional W-2 or 1099R Form |
$ 10.00 |
- |
| Electronic Filing Fee |
None |
$ 38.00 |
| Total Short Form Fee with Electronic Filing |
$
40.00 |
$143.00 |
Refund Anticipation Loan Fees (RAL)
Because I care about my clients, and act in their best interest, I
will not participate in a program which will loan a client his or her
own money for three weeks, and charge the client an excessive fee.
Below is a true example of the RAL Fees associated with the "Short
Form" listed above.
Refund Account Fee (they set up a bank account to deposit your
refund). |
$ 24.95 |
| Finance charge - the
cost that the client incurs to borrow their own money for 3 weeks. |
$ 65.00 |
| Total cost for a "Short
Form," electronically filed, with the "RAL" |
$232.95 |
| |
|
| Joe Lilly, CPA's fee
charged for the same service, without the "RAL" |
$
30.00 |
| Difference - The money
that the client could have saved = |
$202.95 |
The Annual Percentage Rate on this Tax Return was 79% |
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