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Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121563  
Subject: Re: Cost of tax-prep- Am I paying too much. Date: 2/9/2005 3:04 AM
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Am I paying too much?

There's really no way to tell from what you've posted. Here's some things I can think of that would have an impact on your fee.

Is your income high enough to get into AMT? That house you bought - was it a rental? How about stock plans at work? ISOs? NQSOs? ESPPs? Maybe a little dabble in day trading? Or its cousin, what I call OCD in stocks? (A week with a bunch of trades in and out of a couple of stocks, followed by 3 months of no stock activity at all.) How about unreimbursed business expenses?

What about the service? Do you get quarterly/monthly newsletters? Do you call with questions during the year? (A practice which I encourage BTW - much easier to deal with things before they happen instead of trying to do triage on April 10.) Do you get some financial or tax consulting?

How's your organization? Do you bring in a shoebox with stuff you think might be deductible, or do you complete the CPAs organizer and have your W-2s, 1099s, 1098s all with you and ready to go? Do you have to dig up additional information after the interview? Do you spend a lot of time chit-chatting with the CPA?

--Peter
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