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.  If you would like information on the amount or circumstances of these penalties, please contact us. 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. It is your responsibility to provide Firm with all the information needed to prepare complete and accurate returns. The Fee shall be paid in full prior to the filing of the tax returns and/or delivery of returns to Client. Tax returns are subject to audit by the taxing authorities.  If your returns are audited, you may be required to furnish source documents to the tax authorities to substantiate information you provided and that Firm reported on your return.  If your returns are selected for audit, Firm can assist you in preparing for the audit; however, this service is not included in the Fee specified in Section 4, and will require a separate letter of engagement.  In this regard, you should retain backup documents for your tax return for at least seven (7) years after the returns were filed.