We expect to perform the following services: 1) Prepare federal, state and local income tax returns with supporting schedules and 2) Perform a limited amount of bookkeeping and analysis necessary for the preparation of the income tax returns. Our work does not include any procedures designed to discover defalcations or other irregularities. We must use our judgment in resolving questions where the tax law is unclear, or where there may be conflicts between the taxing authorities' interpretations of the law and other supportable positions. We will apply the "more likely than not" reliance standard to resolve such issues in order to avoid penalties that might be assessed against us as return preparers. You agree to honor our decisions regarding disclosure of return positions to avoid or mitigate penalties. Penalties of as much as $200,000 can be imposed on the corporation for failing to disclose participation in "reportable transactions", that is, certain arrangement s the IRS has identified as potentially abusive. We will insist that all such transactions be properly disclosed. The law also includes penalties that may be imposed when taxpayers simply understate their tax liability. If you would like information about those penalties, please call this office. Management is responsible for proper recording of transactions in the accounts, safeguarding assets, and for the substantial accuracy of the financial records. Because you have final responsibility for the tax returns, you should review them carefully before you sign and file them. Your returns may be audited by the taxing authorities. Any proposed adjustments are subject to certain appeal. Should your returns be selected for examination, we can arrange to be available upon request to represent you. Such representation would be a separate agreement, and we would render additional invoices for fees and expenses incurred. Our fee for preparing the tax returns described above will be based on the time and complexity of the return. All invoices are due and payable upon presentation. To the extent allowed by state law, an interest charge will be added to all accounts not paid within thirty (30) days. If you rely on a bookkeeping service to handle your accounting, including One Stop Consulting Shop, LLC, the responsibility for accuracy still remains with the client and by signing this agreement you are confirming that you have fully reviewed all of your financial statements and they are true and accurate to the best of your knowledge. You must be able to provide written records of all items included on your return if audited by either the IRS or state tax authority and we can provide guidance concerning what is acceptable. A 50% non-refundable deposit is required at the start of the return and the balance will be due upon the return's completion. Tax returns will not be released to clients prior to receiving the final payment. Disagreement with the results of the return is not basis for non-payment. Should questions or complexities be discovered that would normally increase the cost of your return, you will be immediately notified, otherwise, your quoted fee will not change after your signing of this engagement letter. We retain copies of the records you have supplies to us along with our work papers for your engagement for a period of four (4) years. It is the client's responsibility to make an appointment to pick up all original documents after tax season. After four years, our work papers and engagement files are destroyed. Your original records will be returned to you after this engagement however it is your responsibility to coordinate pick-up or delivery. Fees will apply for any postal service deliveries. If this letter correctly recites your understanding of the terms of our engagement, please provide your approval to proceed by electronically signing your name. By electronically signing this form, you also affirm that you understand and accept all of the above information, as well as any communications you may have with One Stop Consulting Shop, LLC and its contractors. You assert that all information you provide to One Stop Consulting Shop, LLC and its contractors is correct, truthful and accurate to the best of your knowledge. You also certify by signing this engagement that you have provided all income, deductions and other information necessary for the preparation of your income tax return which you have adequate support. The engagement to prepare your tax return for the year stated terminates upon delivery of your completed returns. Please store your supporting documents and copies of your tax returns in a secure place for at least 10 years. Our firm has procedures and policies in place to protect your confidential information. We restrict access to your confidential information to those within our firm who need to know in order to provide you services and those 3rd party contractors who are licenses to prepare your tax return. We will not disclose your personal information to any third party without your express permission, except where required by law. We maintain physical, electronic, and procedural safeguards in compliance with federal regulations that protect your personal information from unauthorized access. Please contact us with any questions regarding our privacy policy. The original filing due date for S-Corp and Partnership Tax Returns is March 15th and C-Corporations is April 15th. Should you need to file an extension for additional time, you must notify us in writing, 10 business days prior to the deadline. If we do not receive this information in a timely manner, your extension may not be filed on time. Please note that filing an extension only extends the due date of the tax return and not the time in which you need to pay any tax liability that you owe. Interest and penalties may accrue after the return due date even if you have filed an extension of time. If you are signing this engagement after your tax deadline, you are also signing that you understand you may be assigned penalties and interest by the IRS and/or other taxing authorities. It is your responsibility to review your return carefully before signing to ensure the information is correct. By signing below, you acknowledge that you have read, understand and accept your obligations and responsibilities and that you understand our responsibilities as your Tax Preparer in preparing your tax returns as explained above. One Stop Consulting Shop, LLC and its employees and contractors will prepare your tax return based on the information you provide. In the event you are audited, it is your responsibility to provide documentation if required to verify your return. Unless otherwise stated, the services for preparation of your return do not include auditing, review or any other verification or assurance. By entering the name of the tax matters contact below, you are affirming you have read, understand and agree to all terms and are electronically signing this agreement.