Our fees for this process depend on the type of work and the extent of our participation in the process, from preparing and filing the full package on your behalf, to preparing the first year for you to use as a template when preparing future returns yourself to simply advising and / or assisting you in the process while you (or your own accountant) prepare and file the forms yourself.
Our fees for preparing and filing the tax returns depend on the amnesty program and the total time involved, but for initial purposes can be calculated based on EUR 900 per tax return plus increments for added complexity (see our detailed fee overview). Amended returns will amount to EUR 500 to 750 per year. Our fee for preparing the FBAR forms amounts to EUR 100 per year. The fees are excluding the 21% VAT charge.
Guidance and advice
Fees for providing advice and guidance while preparing and filing the forms yourself is based on our hourly fee in combination with the preparation fee for the tax returns. The hourly fee will depend on the seniority level of the consultant working on your case (ranging between EUR 150 and EUR 200 per hour). All fees are excluding VAT.
Streamlined Filing Procedure Specific fees
The process of participating in the Streamlined Filing Procedure is a time intensive process and sometimes requires multiple meetings not only in the decision phase but also in the various steps during the preparation and filing process. In addition, filing 3 tax returns at once does require several calculations to optimize your position. For this process and time we charge an additional fee of EUR 250 excluding VAT.
OVDP specific fees
In addition to the fees for preparing the tax returns, we also charge an hourly fee for communications and additional information forms related to the OVDP. The hourly fee will depend on the seniority level of the consultant working on your case (ranging between EUR 125 and EUR 200 per hour). All fees are excluding VAT. It will be difficult to provide a more precise fee for the OVDP process as this also greatly depends on the IRS. In any case, you should factor at least 12 hours for additional information forms and the filing process and at least 6
hours of communications with the IRS.