Dear Client,
We appreciate the opportunity of working with you and advising you regarding your
income tax. To ensure a complete understanding between us, we are setting forth the pertinent information about the services that we will perform on your behalf. By signing this document I acknowledge that all information in my 2022 federal and state tax return that include, but not limited to my earned and unearned income, expenses, deductions, dependents, and other information is true and accurate to my knowledge.
This letter will serve as our agreement in this matter and we ask that you carefully
review the letter and sign to confirm all of the information contained within. It is your responsibility to provide us with all the information needed to prepare complete and accurate tax returns. We will not or otherwise verify the data you submit, although we,might ask you to clarify some of the data. If in the event that you supply us verbally with any tax information, by signing this letter you are confirming that the information provided is true and correct to the best of your knowledge.
For those clients who are claiming the Earned Income Tax Credit, Additional Child Tax Credit, Education Credit, or The Head of Household (Filing Status), I acknowledge that all questions that were asked, information that was provided, and information regarding any dependents that allows me to qualify for any of these credits is true and correct to the best of my knowledge. Qualifying Children for EITC.
RELATIONSHIP- The person must be related to you in some way.They can be your: Son, daughter, stepchild, eligible foster child, adopted child, or a descendant of any of them (e.g. your grandchild)Brother, sister, half brother, half sister, stepbrother, stepsister, or a descendant of any of them (e.g. your niece or nephew).
AGE- The person can be either: Under age 19 at the end of the year – if you file a joint return, they must be younger than either you or your spouse. A full-time student under age 24 at the end of the year – if you file a joint return, they must be younger than either you or your spouse. Permanently and totally disabled at any time during the year, regardless of age.
RESIDENCY- The person must have lived with you for more than 6 months.
JOINT RETURN - You cannot claim anyone as a qualifying child who is filing a joint return. You can, however, claim someone as a qualifying child who is filing as married filing separately or any other filing status. A person cannot be claimed as a qualifying child by more than one person. If this is a situation you think you will encounter, the IRS has provided tiebreaker rules.
I understand that this information is being provided to the IRS and State Revenue. I have been advised by my tax preparer that any false and misleading information that I provide for income tax filing purposes is against the law and are subject to penalties.
I understand that Warren Professional Services is only liable for any Error and Omission on their part and will be responsible for any interest and penalties and not tax due. As you know, tax returns are subject to examination by various taxing authorities at both the state and federal levels. In the event of an examination or audit, you may be requested to produce supporting documents or records to substantiate the items of income or deductions. If an examination or audit takes place, Warren Professional Services stands ready to work with you.
You should review the completed returns carefully. If you see anything that requires
changing please bring it to our attention immediately and we will either explain the
matter to you or correct it without delay and provide you with new, corrected copies.Fees for our services will be at our standard rates for tax matters. Our fees for tax preparation are based on the complexity of the return and the number of schedules and forms necessary and required by the taxing authorities to complete an accurate return.
Our invoices are due and payable on presentation. The only exception to fees not being due on presentation is if the taxpayer chooses to select payment to be deducted from refund. If refund is offset for any reason, the balance is still due and you will be billed for payment, which will be due immediately. As your Tax Preparer, we collect information provided by you from your tax organizer, worksheets, documents, discussions, and information that we develop as part of the engagement.
We are required to keep all information about our engagement confidential so we will not make any disclosure about you unless we have your approval or are required/ permitted by law. This applies even if you are no longer a client. We are committed to safekeeping of your confidential information and we maintain physical, electronic, and procedural safe guards to protect it. By signing this letter, you authorize us to communicate with you regarding any and all products which we offer via phone, email, fax, and/or letter format.
The IRS imposes penalties on taxpayer, and on us as return preparers, for failure to observe due diligent in preparing income tax returns. In order to ensure an understanding of our mutual responsibilities, we ask all clients for whom returns are prepared to confirm the following arrangements.
We will prepare your U.S. Individual Tax Return with all necessary supporting Forms and Schedules from the information provided from you to us. It is your responsibility to provide all the information required for the preparation of the complete and accurate tax return. You represent that the information that you are supplying to us is accurate and complete to the best of your knowledge and any expenses claimed for meals, entertainment, travel , business gifts, dues and memberships, vehicle usage, and/or charitable contributions are supported by records as required by law and that you have disclosed to all known tax liabilities.
We will not audit or otherwise verify the data you submit, although it may be necessary to ask for clarification of some of the information. You have the final responsibility for your income tax return and therefore you should review your return carefully. We will use professional judgement in resolving questions where the tax law is unclear, or where there may be conflicts between taxing authorities interpretations of the law. Unless otherwise instructed by you, we will resolve such questions in your favor whenever possible. We subscribe to a program of peer review for maintenance of quality control in our office. If your 2020 Individual Tax Return prepared by us is selected for review by taxing authorities, any proposed adjustments may be subject to rights of appeal. In the event you receive a form from the IRS Audit on a return we prepared, we will assist you in resolving the issue with the IRS and direct you to our Audit Assist Line.
IRS Guidelines REQUIRE us to electronically file all U.S. Individual Income Tax returns we prepare. Prior to you signing the form 8879, we will provide you with a printed complete copy of your federal tax return. We ask that all clients for who returns are prepared to confirm the following arrangements: We will prepare your 2022 tax return from the information which you will furnish to us, which is said to be complete & accurate for your return.
You agree that in the event your return is Rejected or Retained for balance due to any financial agency, you understand that you still owe Phatabulous Enterprises for services rendered. The balance is due within 30 days of the invoice. If Not paid within allotted time, you agree that garnishment and court cost will be applied to your expenses.
If the terms outlined in this letter are agreeable with you, please sign a copy of the
letter. We appreciate the opportunity to be of service to you and look forward to workingnwith you and on your behalf. If you should have any questions or need additional information, please do not hesitate to call.