Note: Acknowledgements by Client. The law provides various penalties and interest that may be imposed when taxpayers underestimate their tax liability. You acknowledge that any such understated tax, and any imposed interest and penalties, are your responsibility, and that we have no responsibility in that regard. Client also acknowledges that applicable tax laws are changed from time to time, and that such changes are sometimes retroactively effective. Firm provides no warranty that any such changes will not adversely impact the amount of any refund or credit which might otherwise have been payable to Client or the amount of tax which Client might otherwise have been required to pay.
Confidentiality: Under the law, some communications between a client and a tax preparer are privileged and not subject to disclosure to the IRS. However, any information you furnish to us for preparing your tax returns is not protected by this privilege and consequently may be discovered by the IRS.7.
Client Responsibilities: It is your responsibility to provide Firm with all the information needed to prepare complete and accurate returns.