Thank you for the privilege of allowing ExpressPace Taxes to provide you with tax preparation services. This engagement letter expresses the terms and conditions under which we will provide you with tax services, and it outlines responsibilities for each of us.
Tax Preparation:
● We will prepare your federal and state tax return (if applicable) with supporting schedules for the tax year based on information you provided to us.
● You will provide any requested records needed in order to complete the tax return(s) preparation. Original records will be returned upon completion of the tax return(s), however, it is recommended that you provide photocopies to prevent data loss. We are not responsible for lost, damaged, or stolen records.
● We will not audit or otherwise verify your records to discover errors or omissions, should any exist. However, if we find irregularities or unusual items, we will bring them to your attention and/or ask for further clarification.
● You attest that income and expense items you claim are substantiated by proper records and receipts, and can furnish such documentation in the event of an audit.
● You attest that the information you provide is accurate and complete to the best of your knowledge.
● You, the taxpayer is ultimately responsible for the accuracy of the tax return(s) and should review all documents carefully before signing the Final Tax Return that will be either emailed or texted to you to review and signature.
Fees & Payment:
● All tax preparation fees are invoiced per tax return per tax year.
● Prep fees are based on the complexity of your tax return(s).
● Tax preparation fees will be processed either through bank products or by invoice BEFORE we will electronically file or release your tax return(s) to you.
● In the event your tax return refund is reduced by the IRS and preparation fees aren’t paid in full from the bank product used to file return due to a reduced tax refund, your account will be sent to our collections agency after 30 days of being sent a notice of past due balance. You are responsible for any court costs, attorneys’ fees, and any costs resulting from collection attempts.
Important Notices:
● Penalties can be imposed when taxpayers understate their tax liability. If you would like more information on these penalties, please contact us or visit IRS.GOV for more information.
● If an extension of time is required, any estimated taxes owed must be paid when the extension is filed. Any amounts not paid by the filing deadline are subject to interest and late payment penalties.
● The IRS does not permit us to discuss your tax return with any unauthorized parties you haven’t permitted in writing for us to discuss it with.
● Your tax return(s) may be selected for audit by tax authorities. If you purchased Protection Plus, their audit team is available to represent you or prepare materials in response to correspondence.
● One digital copy of your tax return(s) will be provided to you for your keepsake and files which will be located in our client portal system that we will allow you to have access to 24/7. Printed copies requested are $15 each. Printed copies requested outside of the regular filing season (After April 17, 2023) are $25 each. These expenses apply to printed copies for the time and effort involved in providing this service.
● If you require us to release a copy of your tax return(s) to a 3rd party (e.g. mortgage lender) we will require your permission in writing or via email. Postage and copy fees will be invoiced for this effort.
This engagement letter will apply for all future years tax preparation services with ExpressPace Taxes unless the agreement is terminated in writing or amended in writing by the tax preparation firm.
By signing below, you agree to the terms and conditions that has been set forth above.