Individual
1
DB Tax Solutions
ENGAGEMENT LETTER
PLEASE SIGN
& RETURN
I have
engaged your firm to prepare the following:
_________ Federal Income Tax Return -Form 1040
________ State Income Tax Return(s)
________ Please file a ____________ year extension form for me.
________ Estimated Tax calculation for year __________
________ Bookkeeping
________ Consultation or Other ________________________________________________________________
I understand that it is my responsibility to
provide you with all of the information required to complete my tax return. In
that regard I state that, to the best of my knowledge and belief:
I have
provided true, correct and complete information regarding my income as listed
on the attached Forms W-2, 1099 and/or attached written summaries.
I will
retain for 4 years all the documents, receipts, cancelled checks and other
records required to substantiate the items of income and expense claimed on my
return. I have provided true, correct and complete information, regarding
amounts I have provided to you, to claim as tax deductions, and have maintained
written documentation supporting all amounts, including logbooks and receipts.
I understand that if a question arises regarding the interpretation of tax law,
and a conflict exists between the tax authorities' interpretation of the law,
and other supportable positions, that you will use your professional judgment
in resolving the issues.
I understand
that taxing authorities may examine the returns, that documentation should be
retained to support the information provided to you, especially business travel
and entertainment deductions, business use % of autos, cell phones and other
assets, and barter activities, and that penalties may be imposed on returns
that are late, underpaid or incorrect.
I understand
that you will not audit or otherwise verify any information, that you may
require clarification or additional information, that you are not responsible
for disallowed deductions, or the inclusion or additional unreported income or
any resulting taxes, penalties or interest.
I understand
that I will be charged an additional fee if you are asked to assist or
represent me in a tax examination or IRS inquiry. I understand that, in the
event of preparer error, I am responsible for additional tax that may be due,
but that the extent of your responsibility is to pay for any penalty that the
IRS or the above state revenue department may assess within 90 days upon completion of tax return.
I will
contact you immediately if I discover additional information that will lead to
a change in my return, or if I receive any letters from the IRS or state taxing
authorities.
I understand
that your policy is to put all tax advice in writing, and that I will not rely
upon any unwritten advice because it may be tentative, incomplete, or not fully
reviewed.
I understand
that you will not file any federal, state or local tax extensions without my specific
written or emailed request to do so. If there are other services or tax returns
that I expect you to prepare, such as estate, gift, sales, fiduciary, property,
or other states or cities, I will note them at the bottom of this letter.
CONFIDENTIAL
All
information provided will remain confidential and will only be used for
accounting purposes.
RECORD RETENTION
All of your
original records will be returned to you. We will scan your documents and keep
electronic copies in consistent with our paperless goal. It is agreed and understood
that in connection with the performance of this engagement by DB Tax Solutions that
the work papers prepared by us shall remain the property of DB Tax Solutions.
FEES
No tax
return will be electronically filed until the tax preparation and bookkeeping
bills are paid in full.
All fees are
due when you pick up the tax return. If there is significant bookkeeping time
for businesses or estates than monthly progress bills will be sent and must be
paid immediately. I understand that your bill will be due and payable upon
completion of these returns.
I understand
that your bill will be based upon the predetermined amount given to me $______,
or an hourly rate of $50.00 per hour.
We encourage
you to contact us before making decisions to obtain tax information and provide
an opportunity for tax planning.
We
appreciate the opportunity to serve you, and look forward to a continuing,
mutually satisfying relationship.
Very truly
yours,
DB Tax
Solutions
The terms
described in this letter are acceptable and are here by agreed to and shall
remain in effect until terminated by either party in writing.
Accepted By:
_______________________________ Date: _____________