ETax847 Posted April 9, 2020 Report Share Posted April 9, 2020 What rate do you charge for a Form 5500 filing? This is my first one and am curious as to how much to charge. Quote Link to comment Share on other sites More sharing options...
Lion EA Posted April 9, 2020 Report Share Posted April 9, 2020 Anytime I do something for the first time, I bill hourly. If it's a learning curve that benefits me (I'll do more of that thing and make money doing it) then I discount heavily. PS We can't discuss fees specifically, price-fixing and all that. But, I don't have a fee for Forms 5500 anyway. Maybe those who prepare 5500s can mention the range of hours it takes them. Quote Link to comment Share on other sites More sharing options...
Lynn EA USTCP in Louisiana Posted April 9, 2020 Report Share Posted April 9, 2020 I have done only 2 or 3 5500's in my 30 year career, all of which were to close the account. The last one I did was more than 10-15 years ago and I do not recall the time involved. It was the 5500-EZ form (I think, fuzzy recollection) and do not imagine it would be more than an hour presuming the client provided all of the pertinent information. It will probably take longer to read the instructions than to do the actual return. YMMV Quote Link to comment Share on other sites More sharing options...
ETax847 Posted April 13, 2020 Author Report Share Posted April 13, 2020 An hourly rate seems reasonable to me. Thanks for the advice Quote Link to comment Share on other sites More sharing options...
Richcpaman Posted April 13, 2020 Report Share Posted April 13, 2020 You can't file it on paper. Efiling it is not like filing a 1040. Be careful about what you are getting yourself into. As much as I am astounded by the fees charged by pension folks, they got that stuff down. If your client is trying to save a buck, make sure you KNOW what you are getting yourself into. 3 Quote Link to comment Share on other sites More sharing options...
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