Engagement Letter - Tax Year 2025
Dear Client,
Thank you for choosing MG Coaching to assist you with your 2025 tax preparation needs. This letter confirms MG Coaching ("Preparer") and you ("Client") for the preparation and filing of your federal, state, and local income tax returns for the tax year listed above. This engagement letter will also outline the scope of our services, your responsibilities, our responsibilities, and the terms of our engagement.
Scope of Engagement
MG Coaching will prepare your tax returns based on information provided by you. This engagement letter does not include any services not expressly stated in this letter unless agreed upon in writing.
We will not audit or verify the data you submit, but we may request clarification or documentation to comply with the IRS due diligence requirements.
MG Coaching will provide:
Preparation of your individual federal income tax return (Form 1040 and applicable schedules).
Preparation of state and local tax returns, where required.
Electronic filing of all eligible tax returns.
A review of your tax documents to identify potential deductions and credits you may qualify for.
Reasonable email and support regarding your current-year tax return.
This engagement does not include:
Financial planning, bookkeeping, or accounting services.
IRS or State audit representation (available under a separate agreement).
Amended returns, prior-year returns, or business returns unless requested and invoiced separately.
Tax strategy, year-end planning, or projections (available as an add-on service).
Client Responsibilities
You agree to:
Provide complete, accurate, and timely information required for the preparation of your tax return.
Submit documents through the designated secure portal.
Review the completed tax return before signing and filing.
Maintain copies of documents receipts, and records that support your tax information.
Disclose all income sources, including digital assets, gig income, rental income, business income, and foreign activities.
Notify us of any changes that may affect your return.
Our Responsibilities
MG Coaching agrees to:
Prepare your return accurately and in compliance with the IRS regulations.
Maintain confidentiality of your information.
Inform you of potential tax-saving opportunities where applicable.
File your return electronically once approved by you.
Fees & Payment Method
There is no charge for an initial telephone consultation to go over our process and your current tax situation.
There is no charge for a follow up phone call to review your tax returns and go over fees and final pricing.
Pricing for tax preparation services is based on the complexity of your tax return, forms required, and total time spent to complete the return.
It is important to understand that every tax return is different. The forms necessary to complete your return may vary from year to year as your situation changes. For that reason, final pricing is always subject to a client's current situation and the complexity of their return.
We prefer to receive ALL tax documents before starting work on the tax return to minimize the possibility of omitting a document and to eliminate our time spent getting in and out of the return during preparation.
The minimum cost of tax return preparation for Form 1040 starts at $275 and up.
Tax preparation fees for Schedule C (Form 1040) and Schedule E (Rental Properties) starts at $500 and up.
Tax preparation fees for form 1065, 1120 & 1120-s starts at $800 and up.
Payment is required before filing unless another form of payment is selected.
Additional fees apply for amended returns, audit support, business schedule, investments, multi-state returns, and tax planning services.
You can choose one of the following payment option for your tax preparation fee:
Pay Upfront: Payment for the tax preparation fees is paid in full at the time of service via credit card, debit card, etc.
Refund Transfer: Payment for the tax preparation fees is deducted from my tax refund, and additional bank fees may apply for this service.
Refund Advance Loan: Payment for the tax preparation fee is deducted from my loan proceed if approved.
Privacy & Confidentiality
All client information is kept confidential and used solely for tax preparation purposes unless disclosure is required by law or authorized by you. MG Coaching complies with federal and state data protection requirements.
IRS and State Notices
If you receive any tax notices after your return has been filed:
Forward them to MG Coaching within 48-72 hours.
MG Coaching will explain the notice at no additional cost.
Responses or representation services require a separate engagement.
Acceptance of Terms
By signing this engagement letter, you accept and acknowledge that:
You have read and understand the terms of this agreement.
You agree to provide accurate information and documentation.
You agree to the fee and conditions set forth above.