Client Engagement Letter
Dear Client:
Thank you for choosing Accuracy & Speed Business Services for your tax preparation needs. This letter confirms the terms of our engagement and the services we will provide.
1. Services Provided: We will prepare your federal and state income tax returns for the tax year ending December 31, 2024, based on the information you provide. This engagement pertains only to the tax year mentioned and does not include any other tax period or any other matters unless otherwise stated in the notes section of this letter. Amendments are subject to additional fees.
2. Timeliness of Information: To ensure timely preparation of your tax returns, all information must be received by our firm no later than April 1st of the tax year. If we have not received all necessary information by this deadline, an extension to file your tax returns can be requested. Additional fees for filing an extension may apply. Keep in mind an extension only grants more time to file your return; it does not allow more time to pay the taxes that may be due on your tax return.
3. Client Responsibilities: It is your responsibility to provide all required information that is necessary for the preparation of accurate tax returns. This includes, but is not limited to, all income statements, deduction details, and relevant financial documents. It is also your responsibility to maintain all documents, books, and records supporting the accuracy of your tax returns. These documents should be retained for at least seven years to comply with tax authority requirements. It is your responsibility to review the returns, including associated fees, for accuracy and completeness before filing.
4. Engagement Letter Agreement: Our firm cannot begin work on your tax returns until this engagement letter is signed and returned. Please sign and date below to indicate your agreement with the terms of this engagement. Failure to execute this agreement may delay the processing of your tax returns.
5. Limitation of Liability: While our engagement cannot guarantee the detection of errors, fraud, or illegal acts, we will notify you of any material errors we discover during our work.
6. Termination of Services: Either party may terminate this engagement at any time with written notice. Should you decide to terminate our services, you are responsible for the payment of any services performed up to the termination date.
7. Important Information About Our Tax Services: Our fees do not cover inquiries from the IRS or state tax authorities following the filing of your return or if your return is selected for examination. We are available to represent you in these matters under a separate agreement or through our Audit Protection Program. During our work, if we come across unclear tax laws or conflicts in interpretation, we will discuss your options and their associated risks for you to decide the best course of action. In case the IRS disputes our stance, additional taxes, interest, and penalties may apply.
For the delivery of your tax returns, you can choose to receive them in person, through our secured portal, or by email. If you opt for email, you can easily download and print your return as needed. If you prefer a paper copy, simply inform us; however, if you request a mailed copy, we cannot be held responsible for any documents lost or stolen in transit. We will maintain the confidentiality of all information provided by you and will not disclose it to third parties without your consent.
Each tax return is uniquely tailored to your specific circumstances, and as such, perceptions of the outcome may vary. Please understand that our fees apply regardless of your perceived outcome.
Please sign and date in the space provided below to acknowledge your understanding and acceptance of these terms. We appreciate the opportunity to serve you and look forward to a continued professional relationship.
Sincerely,
Accuracy & Speed Business Services
Acknowledgment by Client:
I have read and understand the terms of this tax preparation services engagement letter and agree to the terms and conditions outlined herein.
Taxpayer Information
Spouse Information
Dependent Information
Additional Information
Financial Information
The taxpayer agrees that if they owe taxes, all service fees must be paid upfront before the return is filed. Failure to pay the full balance will result in the company taking legal action against the taxpayer.
Acknowledgement by Taxpayer(s):
I hereby authorize Accuracy & Speed Business Services LLC and any affiliated entities to prepare all necessary documents for my tax return. I confirm that I have signed all required forms for the electronic filing of my income tax return.
I fully assume responsibility for the accuracy of the information provided in this client intake form. I understand that Accuracy & Speed Business Services LLC and its affiliates are not responsible for any inaccuracies or false statements provided. Therefore, any issues or concerns related to this matter should be addressed to me using the contact information provided on my tax return forms.
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