$750 Minimum Fee for Schedule E?

Pricing Schedule E Tax Pros

I used to prepare Schedule E’s for $40 a piece.

$80 for the 1040 + $40 for the Schedule E + $40 for the California return = $160 total fee

  • Nowadays, times have changed. 
  • I see some tax professionals charging a minimum fee of $750 to work with any client who reports rental real estate activity on Schedule E.
  • Meanwhile, many other tax professionals still find ourselves working in the $200 – $350 range for a 1040 + Schedule E client.

I’m not one to “judge” any tax pro who chooses to charges less than The Gurus claim we “should” charge, but I did run some numbers and see that:

                                 50 Schedule E clients @ $300 a piece = $15,000

                                                                 vs.

                                 50 Schedule E clients @ $750 a piece = $37,500

I guess I would be interested in making that extra $22,500…

But first, I have a few questions:

  • Which Schedule E clients are willing to pay $750 or more for our services?  (Because I don’t care what The Gurus claim, I know it’s for sure not every client, because I know that many landlord clients are extremely frugal.)
  • Which skills do I need to master, as a tax professional, to ensure that my services to Schedule E clients are well worth it even if I charge more than other tax pros?
  • How do I acquire new Schedule E clients who want to pay me amounts of money that make working with them highly profitable?

If these topics interest you (as they do me), you might be interested in the new training program we’re developing right now and will be releasing this summer.

The new training program is called:

Schedule E Mastery

All tax pros are familiar with “the basics” of Schedule E, but we have seen:

“The basics” are not where the real value is created and the real money is made, in this game.

Mastery is what pays off big-time, for both clients and tax pros.

What we plan to cover in this new Schedule E Mastery Training Program:

  • Out-of-State Rental Property Strategies
  • The (Extensive) Role of LLC’s in Real Estate Investing
  • “Fix & Flip” Clients (Schedule E Reporting vs. Schedule C Reporting, etc.)
  • Passive Activity Loss Limitations and How to Avoid Them
  • Cost Segregation Studies
  • Short-Term Rental Strategies (AirBnB, VRBO, etc.)
  • How to Get Tax-Free Rental Income
  • Unreimbursed Partnership Expenses (UPE)
  • QBI Aggregation Election for Rental Property Activities
  • 1031 Exchanges
  • How to Acquire Real Estate Investor Clients
  • And more!

If you have any ideas for Schedule E you want us to cover in this new training program, please email me directly andy@prontotaxschool.com with your suggestions.  Your feedback helps us to prioritize the topics that actually matter to you in the REAL WORLD, rather than Pronto falling into the “book learning” trap where the teacher just drones on and on about stuff you’re never going to use in the real world.

This new Schedule E Mastery will be automatically included in both Pronto Tax School Membership Plans, and we will notify you by email once we announce the live webinar training dates for this new Schedule E Mastery Training Program.

Pronto Tax Reminders: 

June 30, 2024 will be the last day ever to get a Pronto Tax School Membership for only $97 per year. If you’re a Not Yet Pronto Tax School Member, and you see value in our efforts to help make your life as a tax professional easier, more profitable, and more fun, please consider grabbing a membership before the $97 per year rate goes away forever.

July 1 and moving forward, our Membership Plans will start at $297 per year. We are adding a bunch of new benefits to our most popular membership (The Forever Edition).  Details of upcoming new membership benefits are here for your review. If you already have a Membership – you don’t need to do anything (and Thank you!). The new added features will be available to existing members and new members.

And remember, whatever price you get now, that’s going to be your same price EVERY year, because we lock prices membership prices forever for all Existing Members.

If you have questions or need help, please contact our support team.

Let's Make Sure We Direct You to the Right
Training for Your Needs!

Please click the button below for your primary tax credential.

Not sure which credential applies to your situation?  Click here to reach our support team and we'll help you decide.

Let's Make Sure We Direct You to the Right
Training for Your Needs!

Please click the button below for your primary tax credential.

Not sure which credential applies to your situation?  Click here to reach our support team and we'll help you decide.