I’m starting a poll on what people think is an acceptable tax return preparation fee for members of the crypto community on their 2017 federal and state income tax returns. I’ve been telling the forum for the past few months that the CPA industry is not yet able to deal with accounting for crypto. The problem is that they and the legal field seem to be the ones that prepare most of the returns for high net worth individuals such as yourselves.
I just contacted a medium size CPA firm in ATL with which I’ve had a long relationship. They may be interested these returns BUT their fees are very high. Hold on but it’s $2,000 for a minimum. The CPA and law firms have a lot of supervision that they must endure and this jacks up their rates. I’m in the process of setting up a meeting with the firm to try and get substantially lower fees if I can refer a few more (read many) people interested in this service.
So what do you guys think is a fair deal for your returns? Please answer back to me with a dollar amount AND the number of crypto transactions that you had during 2017.