Just from reading your post it sounds high but you didn't provide any information. Maybe this person will only bill an hour? Maybe they can charge that much because they are the only gig in town? Just guessing!
Ummm- why would anyone 'want' to pay taxes. I know people who inherited lots, run thier own business profitably and don't pay Uncle Sam a dime. You never get ahead paying taxes.... Really- only the middle class and lower class pay taxes.
Iowaorganic- mama to DD (1/5/06), DS1 (4/9/07), DS2 (1/22/09), DS3 (12/10/10), DD2 (7/6/12) and a new kid due in early 2014
In years past, I have paid $100-$450 for a single return. The lower rate netted NO refund, whereas the higher rate got me several hundred dollars more in a refund.
DS, 10/07. Allergies: peanut, egg, wheat. We've added dairy back in. And taken it back out again. It causes sandpaper skin with itchy patches and thrashing during sleep. Due w/ #2 late April, 2012.
Happy Homesteading Homeschooling Homebirthing Beekeeping Dready (& a bit redneck even) Mama to 4 fab kids : dd (23), dd (13), ds (11), dd (5)
I do our taxes with TurboTax, complications and all, so I wouldn't have a clue about professional tax preparation fees.
My dad used to do his own taxes with pen and paper (old-fashioned forms), but he hired a tax accountant the first year he was retired since he also had some other complications. Now, a few years later, he files online (after doing it manually with pen and paper) and he has rental properties in a different state and other complications.
It sounds like this year's taxes are a done deal and you just have to figure out how to pay the accountant. Maybe she will take payments? Like some now and the rest when your return arrives? Or some now and the rest on 4/15? Or some other mutually agreeable plan.
For the future, perhaps you could plan to do them yourself? You'd have the previous years returns to look at for guidance and you can always call the IRS for free help. The phone lines are easy to get through in January/February and get busier and busier as April 15 approaches.
"Kind words can be short and easy to speak, but their echoes are truly endless." - Mother Teresa
Wife of 1. Mom of 3. Conquering disability challenges, one achievement at a time.
And a person who is an "accountant" shouldn't be as expensive as a "CPA" or a "tax attorney".
Mom to three very active girls Anna (15), Kayla (12), Maya (9).
It takes me several hours to do my own family's taxes, but I would imagine that an accountant (given their knowledge and ease with the subject) can do it efficiently in much less time. If you are bothered by the indefiniteness of an hourly charge, I would go with an accountant who charges a flat rate for varying levels of returns.
Sara, wife to Nathan, mommy to Mabel 6/25/07 and Malcolm 5/13/10