Holy crap $1495 for returning clients. Also demanding we pay by November 30th or they might not accept us as clients. Fk u. They have raised the price almost every damn year since I’ve been with them. Started using them in 2011 so it’s been a decade. This is just nuts. To top it off every other damn year you’re assigned to some new accountant who is brand new to the firm. God only knows what experience these freshmen even have. Starting to get quite annoyed. Btw if you’re a new customer it’s now $2,495 plus the $350 consulting fee lol. At what point is enough enough. I pay them for one reason and one reason alone. To have the name in the tax return so the IRS doesn’t fk with me. Other than that I provide all the information via portal login and they just plug it into their calculator and it spits out the return. This is robbery at this point, but I’m not filing a gigantic return on my own so they got me over a barrel. To top it off I’m red in 2022 so this is just the cherry on top. I can’t imagine they have this much demand for people willing to spend $3,000 on taxes. I mean look at crypto that isn’t a crypto winter it’s a crypto ice age and all those traders are toast so they aren’t looking for someone to file their taxes. End rant
Find a local accountant to do your taxes for you..... I'm sure they are up to speed on all the rules related to traders. H and R block will do it for a few hundred dollars.
I’m not that desperate that I would allow HR block to do my taxes. You get what you pay for, but there is also a point of negligible returns and GNM has pushed past the boundary now it’s ridiculous.
Well, that only works if you provided all necessary documents to the tax preparer. If you get audited because of a mistake YOU made, you will still have to make the penalty payments. If the errors were on purpose by the preparer, then they would be on the hook and maybe face criminal charges.
Everything I provide is from pdfs generated by systems (broker, W2’s, finance firms) nothing from me is manual input really. Point in trying to make is their name holds weight. I’ve never had an issue once with the IRS while using them and that’s from 7 figure gains to massive losses. With that said I still don’t get how they justify this 37% price increase vs last year. It’s more than doubled since I joined with them 10+ years ago. As stated they got me over a barrel and I’ll have to pay it or start figuring out a new firm, but it’s gross at this point
I understand your anger, Trader478 from "space". Unfortunately, $1500 for a good CPA and one that understands your trading business is not high. And, they are one of the few tax specialist that focus on trader tax for retail traders and have more business than they can handle, so higher prices makes sense.
You don’t need green . I used him for a few yrs back in the late 90’s . Those bs notes he puts at the end of your return you can give to another cpa to copy . I was paying $1100 20 yrs ago . It’s all one line mtm accounting on form 4797 .
As others have said, you don't need Green, but there is a huge qualifier... YOUR business structure!! If you are schedule C, yes, another CPA (or yourself) can use the footnotes. If you file a 1120s or 1065, where you need K-1s issued, or other entity type you will find $1495 is very competitive. Of course, tax accounting can be learned by anyone... Becoming a tax expert for your own situations is also an option.