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Ask HN: How much to pay for tax return if we have no revenue?

2 points by alexwchen ↗ HN
Hi everyone,<p>We were newly formed in Nov 2013 (Deleware C corp), and currently have no revenue and only have food expenses. How much should we expect to pay a CPA to handle the 2013 tax return filing, anyone or service recommended?

5 comments

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lutusp
How much you pay a tax accountant doesn't depend on your income or revenue, it depends only on the complexity of your tax situation. In principle, you might have lost a million dollars, but you pay a tax accountant to protect you from losing a million more to what is euphemistically called a bad IRS experience.
alexwchen
I guess I mean that how much do Start pay tax account when they are fresh start with almost no tax complexity?
tptacek
Somewhere between 500-1000 is my gut sense. It may depend a bit on where you're located.
wglb
Seconded if there isn't any complexity, e.g., depreciation of equipment.
User7198
For my online business, I pay the accountant about $100 or $150 to handle everything, I can't remember the exact number. I just hand them a paper with my total income, a list of business related deductions, talk for 15 min if they have any questions, or I have any questions, and then I pick everything up a few days later and pay the amount owing online.