Dear :

Subject: Preparation of Your 2024 Form(s) 1099

This letter is to confirm our understanding of the terms and objectives of our engagement and the nature and limitations of the services we will provide to .

We will perform the following services:

We will prepare, from the information you provide, Federal and State (if applicable) Forms 1099 and Transmittal Form 1096 for the tax year 2024. We will not audit or review any information you provide to us in the preparation of these forms. You are solely responsible for the information reported on the 1099 and 1096 Forms. It is also your responsibility to mail the forms to the recipients, by the respective due date. We will be electronically filing your forms with the IRS and if eligible to the State Tax Departments.

You are aware that it is your responsibility to determine the recipients of your 1099’s from your company’s books and records, to gather the recipient’s correct information required to issue the 1099’s, to retain proper receipts and other documents in your office to be in compliance with 1099 filing and for timely filing of your 1099’s. We have no responsibility for any penalty that may arise from our client(s) failure to provide 1099 information to our office, for late filing or failure to file, or for incorrect information reported on these forms.

Failure to file may occur if you do not file the forms by January 31, 2025. The penalty varies from $50 to $280 per form (https://www.irs.gov/payments/information-return-penalties), depending on how long past the deadline the company issues the form. If a company intentionally disregards the requirement to provide a correct payee statement, it is subject to a minimum penalty of $570 per statement, with no maximum.

Our professional fee for the services outlined above will be $275 plus $35 per Form 1099. This fee is based upon the complexity of the work to be performed, and our professional time, as well as out-of-pocket expenses. In addition, this fee depends upon the timely delivery, availability, quality, and completeness of the information you provide to us. You agree that you will deliver all records requested to our staff to complete this engagement on a timely basis.

We appreciate the opportunity to be of service to you. Please date and execute this Agreement and return it to us to acknowledge your acceptance. We will not initiate services until we receive the executed Agreement.

Very truly yours,

Thai T. Nguyen, CPA

Thai T. Nguyen, CPA Inc