Dear Taxpayer,

Thank you for choosing Tax Space 365 LLC, we will be handling your tax preparation services this tax season and beyond.

This letter serves as a formal confirmation of our engagement and outlines the terms of our services. We will prepare and submit your federal tax return for the current year on your behalf, and if applicable and requested your state income tax return. Please note, this engagement is limited to the preparation of the current year tax returns and does not include any additional filings for any year or with any other taxing authorities unless specifically agreed upon.

Scope of Services

We will prepare your tax returns based solely on the information and documentation you provide, no exceptions. It is the taxpayer's responsibility to ensure that all information provided is accurate, complete, and submitted in a timely manner. While we may request clarification on certain items, we will not audit or verify the data. Therefore, this engagement does not guarantee the detection of errors, fraud, or other illegal acts, although we will notify you if such issues are identified.

Timelines and Extensions

In order to complete your returns on time, we require your full cooperation and timely submission of all necessary information. If we do not receive the required information at least 30 days prior to the tax return due date, we may need to apply for an extension. Please note that an extension provides additional time to file but does not extend the deadline for paying any taxes owed. Tax extension filing fees will apply in most scenarios. Late submissions may result in penalties and interest imposed by tax authorities, for which you will be responsible.

Tax Law Interpretation

In instances where tax law is unclear or open to interpretation, we will use our professional judgment to resolve the issue, and we will endeavor to resolve matters in your favor, unless otherwise directed by you. Please be aware that penalties and interest may be assessed by taxing authorities if taxes are underestimated. Should you require further details on such penalties, please contact us directly.

Confidentiality and Electronic Communication

We will maintain all information you provide in strict confidentiality. However, to facilitate our services, we may communicate with you via phone, email, facsimile, or other electronic means. While we will take reasonable steps to protect these communications, we cannot guarantee that they will be free from unauthorized interception. By engaging us, you consent to the use of such communication methods during this engagement.

Document Retention and Responsibility

You are responsible for maintaining all records and documentation related to your income and deductions, as these may be required to verify the accuracy of your returns. You are also responsible for reviewing and signing your return before it is submitted to the applicable tax authorities.

This agreement is governed by the laws of the current tax year and the Internal Revenue Code, without regard to its conflict-of-law provisions. By signing at the end of the Client Intake Form, you acknowledge that you have read, understood, and agreed to the terms outlined in this engagement.

Thank you,