I've always been lower middle class with a boring 401k and no other investments. I always filed with TurboTax and got a return of around $1500. Cost me $30 or so and was about an hour process on the computer.
This year, I'm going to have to hire an accountant. My father passed and I inherited his estate along with some investments. I also created a 501C entity in my father's estate name. I haven't cashed in any investments, and they were all conservative, so gains were pretty modest.
Curious as to what dollar amount a professional accountant is going to charge. I have no idea. There are two different states to file in, my personal returns, plus the estate returns. I'm hoping the cost is under $1000, but have no idea.
I'm scared to death that I'm going to end up owing thousands of dollars and am going to have to sell some guns and a vehicle to pay the government. Has anyone inherited a moderate estate and experienced the tax penalties?