Farm Credit East Tax Preparation Standards

To ensure we provide the best service to all of our customers, we have developed the following standards for our tax preparation services. These standards allow us to continue to deliver high quality, value-added services to you and your business. We encourage you to review these standards prior to contacting us regarding your tax needs to ensure we are a good fit for you and your business.

Family, farm and cattle with a girl and father walking on a field or grass meadow in the agricultural industry.

Minimum Pricing

Product	Minimum Pricing
Basic 1040 tax return without a business schedule	$250, or time entered, whichever is greater
1040 tax returns with a Schedule C, E, F that encompass a business	$750, or time entered, whichever is greater
1099’s	$150 for the first 10, with $15 for each additional 1099. Any accounting work to determine the list of vendors will be billed at an hourly rate

Customers can expect an annual 5-6% increase in their tax preparation costs.

Information Standards

Business customers must provide one of the following:

A QuickBooks or CenterPoint backup
A profit and loss report or summarized financials (not check stubs, receipts or bank statements).

If these materials cannot be provided, the tax return will be placed on extension and completed after April 15.

Additionally, Farm Credit East is happy to engage those customers who may need additional recordkeeping services, while continuing to prepare their tax returns. However, the returns for those customers who need additional recordkeeping services will be completed after April 15 to not delay those customers who submit complete information.

Submission Deadlines

January 17: Information to process 1099s must be received by January 17, with a processing cutoff date of January 31.
March 15: All information to complete the tax return must be received. If not received by March 15, the return will be put on extension.
June 1: All information to complete the tax return for those returns prepared after April 15 must be received. Customers will receive a reminder in May requesting all outstanding information required to prepare the tax return (excluding any outstanding K-1s that have yet to be received) by June 1.

If these standards are agreeable to you and your business, please complete the form below to provide more insight into your tax needs. Please be specific in your request. After submitting an inquiry, a Farm Credit East tax specialist will reach out to discuss your tax situation.

First Name*

Last Name*

Farm/Organization Name

Industry

Zip Code*

Email*

Phone*

Please provide a brief explanation of your tax situation and the services you seek. (Be as specific as possible)*

Are you able to supply a Quickbooks or Centerpoint backup?*

Yes

If not, are you able to provide a profit and loss report or summarized financials (not check stubs, receipts or bank statements)? *

Yes

Confirm you’ve read and are agreeable to our minimum pricing.

I have read and agree to minimum pricing.

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