ACA Prep Fees

[ILLMAS]

What did you decide your fees are going to be for ACA?

[Jack from Ohio]

For my practice in a small rural town, minimum of $25 additional (check the box only) to a max of $100 additional if through the marketplace or no insurance.

 

I will have a separate line with this additional amount.  It will be designated:  Patient Protection and Affordable Care Act surcharge.

 

I am considering including the phone numbers for our Representative and both Senators in the line below it.

[BulldogTom]

I charge by the form, so I am not charging for "Check the box" this year.

 

I am charging for the the Premium Credit form and the Shared responsibility tax form.

 

Tom

Newark, CA

[ILLMAS]

How about for exemptions or hardship?

Edited January 19, 2015 by ILLMAS

[BulldogTom]

Yep, that too

 

Tom

Newark, CA

[Lion EA]

I charge by the form, but will add an Affordable Care Act item of $25 for check-the-box.  Don't know how much I'll be charging for the forms.  Doing a pro bono return this week for a family friend, so I'll see how much time it looks like to prep....

[ILLMAS]

Charge by the form is what I need to determine, need help setting a price, that is why I asked.

[Lion EA]

i took a lot of courses in this.  Those forms are not going to be cheap.  Maybe $100 each.

Edited January 20, 2015 by Lion EA

[Jack from Ohio]

We will also be held liable for verification of these.  All this study and requirements for due diligence were thrust upon us by Congress, the Senate and the President.  I am making sure that all my clients know this.  I have no remorse in charging extra.

[Terry D EA]

I charge by the form as well. I have added amounts to each of the specific forms. For the simply check the box there isn't a charge. I find it hard to justify a feel for the due diligence because there isn't any specific guidance on this. I do charge a fee for due diligence for the EIC which is completing the 8867. This year is a learning year so my fees may go up accordingly. I work out of my home with very little overhead so it is easier for me to keep the fees down.

[BulldogTom]

My fee for the forms is in the $25 to $35 range.  I might regret that, but I think it is where I plan to be this year.

 

Tom

Newark, CA

[Gail in Virginia]

Until we see how long this is going to take and where most of our customers fall, we are going with our hourly fee.

[Jack from Ohio]

My fee for the forms is in the $25 to $35 range.  I might regret that, but I think it is where I plan to be this year.

 

Tom

Newark, CA

Revisit this on Feb. 28 and let us know.

[BulldogTom]

Revisit this on Feb. 28 and let us know.

Jack,

 

I hear what you are saying, but I also know my client base.  I could go out with a very high charge and blame it on the POTUS, but that is still taking money out of my client's pocket.  A lot of my clients are simple returns, and they are used to paying a certain amount.  An extra $100 for 15 minutes of interview and form entry is too much.  And remember, some of those forms are going to be required multiple times on the return. 

 

You may still be right, and I may be giving away my expertise at a low price, but I have to run my practice for the long haul.

 

Tom

Newark, CA

[RitaB]

I just did a return for a lady who had no insurance but was under the filing threshold.  She has been my client for ten years.  I didn't charge her anything to check that box on Form 8965.  I feel fine with that.  It's best for me to play it by ear.  Just like I don't have a set fee for Schedule C.  It's all relative. 

 

Now, when somebody comes in here with a new $40,000 pickup and gets $5,000 EIC I feel fine changing it up.

[ILLMAS]

To be on the safe side, ACA forms are 8965 and 8962 only?  I'm I missing another form possible form?

[Jack from Ohio]

To be on the safe side, ACA forms are 8965 and 8962 only?  I'm I missing another form possible form?

Those are it, along with several worksheets.