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Tax Preparation Services for High Net Worth Households and Retirees

Find below information on services and fees

Our Process

  • An elderly woman wearing glasses sitting at a table with a laptop in front of her, a white mug, and a plate with food, in a bright room with window blinds in the background.

    Free Initial Consultation

    You meet with your tax preparer to learn more about QW Tax Prep’s service model to determine if it’s right for you.

  • Desk with a laptop, a cup of coffee, a notebook, a pen, and a smartphone, near a window with natural light.

    Digital Onboarding

    You follow a guided process to provide all necessary information to QW Tax Prep in a secure fashion.

  • Calculator and Form 1040 blank filing on a table

    Tax Preparation

    QW Tax Prep preares your tax return based on the information provided. We’ll reach out to you if there are any questions or if we need more information.

  • Cell phone with "Sign Here" post-it note

    Review & Approval

    QW Tax Prep holds an online meeting with you to review your tax return. Once you have approved the return, we’ll send you a request to provide an eSignature for your tax return and your return will be filed. A copy of the return will be stored on your online client portal.

Overview of Form 1040 Tax Preparation Services

Clients that QW Tax Preparation Serves

  • Form 1040 Individual Tax Return only - QW Tax Prep does not prepare business returns

  • Clients who are comfortable working remotely with a tax preparer using online tools. Note: QW Tax Preparation conducts all meetings over Zoom and does not offer in-person meetings.

  • High-net-worth retirees

  • People who receive stock compensation from their employer

  • High-earning households

  • Solo practitioners with no W-2 employees

  • Note: For the 2025 Tax Year, QW Tax Prep is only supporting clients whose primary tax residence is in one of the following states:

    • Maryland

    • District of Columbia

    • Virginia

    • Washington State

    • Any state that does not have an income tax (e.g., Texas, Florida)

  • Additional states will be supported in future years

Tax Preparation Fees

The minimum fee is $650 for single-member households and $750 for couples households. This fee covers one federal filing, one state filing, up to two W-2s for each member of the household plus up to 6 Form 1099s for the household.

  • As part of the initial consultation, you will provide more detail on your income sources and other tax-related situations

  • Based on information gathered during the initial consultation, you will be provided a firm quote

  • Situations such as the below scenarios will result in a higher quoted fee than the minimum fees stated above. Some of the situations that will result in a higher quoted fee include the following (note: this is not a comprehensive list):

    • More than 6 Form 1099s

    • Schedule C income (self-employed income)

    • Form 1099-D filings (capital gains and losses) that have a large number of sales and purchases due to high-frequency trading

    • Schedule E income (rental real estate and partnership income)

    • Form 1096 / Form 1099-NEC filings for solo practitioners

    • Solo Practitioner S-Corp tax status

    • One or more Schedule K-1 filings (with additional fees for Schedule K-2 and K-3 filings)

    • Extensive number of charitable contributions or any non-cash charitable contributions

    • Schedule H - Household Employment Tax

    • Form 709 - Gift Tax and Generation-Skipping Transfer Tax Return

    • More than one state income tax return

    • Form 4797 - Sales of Business Property

    • Dependent child Form 1040 filings (these can be added on for an additional fee as long as they are relatively straightforward)

  • Responses to a CP-2000 notice from the IRS will entail additional fees

  • These fees do not include audit representation services

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