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    Estimate the fee for a tax return based on data presented

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    Your supervisor asks you how much you want to charge Joe and Betty for their tax return. What is your response?

    The family had a complicated return so how much should i charge to complete their return. Please explain.

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    Solution Preview

    I have reviewed the data from the taxpayer and was impressed with how complete it is. There are a few issues which need to be resolved before the return can be completed:

    1. Do they wish to have the state return prepared? Are her wages from the same state as that in which they live?

    2. For the retirement distribution, determine that there is no penalty ...

    Solution Summary

    The solution presents a list of eight questions to be answered after reviewing the data submitted by the client. The fee quote is broken down by type of work at standard rates which are representative in the current world of CPA firms.