Tax Preparation Fees,Cash Advance Loans,Referral Program




Tax Preparation Fees, Cash Advance Loans, Referral Program

by Audrey Jackson

Did You Know?

When a tax preparer is asked, “how much do you charge for your tax fees”, they really don’t know! Well, at least not right off the top of their heads. Tax preparation fees can vary widely based on several factors.

The complexity of your tax situation, the additional forms and schedules needed, the professional you choose, and the region you live in can all influence the fees you might pay. On average, basic tax returns might cost anywhere from $100 to $300, while more intricate filings can run into the thousands. Keep reading for a full understanding.

National Average Tax Preparation Fees

The national average fee for preparing Form 1040 with Schedule A to itemize personal deductions with a state income tax return, was $323. The national average fee for Form 1040 with the standard deduction, plus a state income tax return, was $220… But don’t run off with these numbers just yet. These averages are based on a simple Form 1040 tax return with no extra forms and/or schedules. Taxpayers that require extra forms like Schedule EIC (Earned Income Credit), Schedule 8812 (Child Tax Credit), Form 8863 (Education Credits), and Schedule C (business income and expenses) will incur an additional fee per form on top of the Form 1040 charge. In essence, this increases the cost of the overall tax return. Per NSA, the average tax preparation fees for a simple Form 1040 with a Schedule A and state return in each region (no additional forms and schedules included in these totals): New England (CT, ME, MA, NH, RI, VT): $285 Middle Atlantic (NJ, NY, PA): $303 South Atlantic (DE, DC, FL, GA, MD, NC, SC, VA, WV): $339 East South Central (AL, KY, MS, TN): $217 West South Central (AR, LA, OK, TX): $313 East North Central (IL, IN, MI, OH, WI): $273 West North Central (IA, KS, MN, MO, NE, ND, SD): $267 Mountain (AZ, CO, ID, MT, NV, NM, UT, WY): $310 Pacific (AK, CA, HI, OR, WA): $432 With that, take the time to evaluate your tax preparer costs against the national averages and make an informed decision. lat financial group National Average Tax Preparation Fees

Bank Product

A bank product (or refund transfer) is a payment solution that tax preparers can offer to their clients. Bank products allow you as the customer to deduct your tax preparation fees directly from your refund as an alternative to paying upfront.

There’s three ways a taxpayer can receive their refund via the bank product, of course, minus the tax preparation fee: Direct Deposit, Printed Check or Prepaid

Prepaid Card is a great option for clients who don’t have a traditional bank account to receive their tax refund.

Printed Check is a secure check printed from the tax office that can be picked up and then cash at one of the 10,000 check cashing locations nationwide.

Direct Deposit are deposited directly to your bank account.

Additionally, you can manage communication preferences, such as receiving email notifications from the IRS, and authorize a tax professional to assist you. It’s important to note that the portal does not support the electronic filing of your tax return.

Cash Advance Loans up to $6,000

Clients who want access to money before receiving their refund can apply for an advance loan and could get same-day (but usually within 24 hours) access to the funds.

Loans can be disbursed via direct deposit, printed check or prepaid card. Loans begin January 2nd. Start your tax filing by clicking here: File with LAT

Client Referral Program

Introducing our exciting new referral program!

Elevate your earning potential with our referral program! Every time you introduce a new client, and they successfully file with LAT, you’ll receive a handsome $50 referral bonus. Your referrals are the fuel that drives our growth, and we’re committed to rewarding your efforts. So, spread the word and watch your money grow!

This is not just a one-time offer; it’s a continuous opportunity to earn money for your referrals. The more clients you introduce to our services, the more referral bonuses
you’ll accumulate.

Referral link:

Complimentary Vacation Certificates

When you file with us, we’ll treat you to a complimentary vacation stay certificate, allowing you to explore the most sought-after destinations in the US or Mexico.

This exclusive offer is valid for 18 months after activation, ensuring you have ample time to plan your getaway. This is our gesture to say THANK YOU!

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