Unfunded Tax Preparation Payment Program Addendum
This Addendum (the "Addendum") is entered into by and between Path ward, National Association (the "Bank") and the business owner(s) and electronic return originator who has elected to participate in this Addendum (the "ERO"). Individually, each may be referred to as a "Party" and collectively as the "Parties."
Recitals
The Bank, as a processor of refund deductions, and the ERO have previously entered into an agreement (the "ERO Agreement") to provide refund disbursement products to the ERO’s taxpayer customers (each a "Taxpayer") through the Bank's electronic refund disbursement service (the "Service"). The ERO acknowledges its right to tax preparation fees and any additional fees for services rendered to eligible Taxpayers ("Fees") and has chosen to participate in the Bank’s Unfunded Tax Preparation Payment Program (the "Program") under the terms outlined in this Addendum. This Addendum serves to supplement the ERO Agreement as specified below.
Unfunded Tax Preparation Payment Program Addendum
This Addendum (the "Addendum") is entered into by and between Path ward, National Association (the "Bank") and the business owner(s) and electronic return originator who has elected to participate in this Addendum (the "ERO"). Individually, each may be referred to as a "Party" and collectively as the "Parties."
Recitals
The Bank, as a processor of refund deductions, and the ERO have previously entered into an agreement (the "ERO Agreement") to provide refund disbursement products to the ERO’s taxpayer customers (each a "Taxpayer") through the Bank's electronic refund disbursement service (the "Service"). The ERO acknowledges its right to tax preparation fees and any additional fees for services rendered to eligible Taxpayers ("Fees") and has chosen to participate in the Bank’s Unfunded Tax Preparation Payment Program (the "Program") under the terms outlined in this Addendum. This Addendum serves to supplement the ERO Agreement as specified below.
Unfunded Tax Preparation Fee Program Agreement
This Unfunded Tax Preparation Fee Program Agreement ("Agreement") is made by and between CNS Professional ("Bank") and the participating business owner(s) and electronic return originator ("ERO") who elects to participate in this Agreement. Each may be referred to as a "Party" or collectively as the "Parties."
1. Unfunded Tax Preparation Fee Program
(a) The ERO agrees to enroll in the Unfunded Tax Preparation Fee Program ("Program") to facilitate the collection of past-due tax preparation fees from a Taxpayer’s bank account, as provided in the Refund Disbursement Service Application. The ERO acknowledges that participation in the Program is optional and is only available to Taxpayers who select the Direct Deposit disbursement option ("Eligible Taxpayers").
(b) The ERO will identify and submit a list of Eligible Taxpayers for whom the Bank will attempt to collect unpaid tax preparation fees. If any Eligible Taxpayer opts out of the Program (verbally or in writing), the ERO must either (i) remove that Taxpayer from the selection list or (ii) notify the Bank to remove the Taxpayer, within 24 hours of the Taxpayer's request.
(c) The Bank will make a single electronic attempt to collect the unpaid fees from the Eligible Taxpayer’s designated bank account. Partial payments will not be processed; only the full amount of the outstanding tax preparation fees will be debited.
(d) The ERO agrees to comply with all reasonable requests from the Bank related to audits, examinations, or information requests. The ERO shall ensure that written authorizations from Eligible Taxpayers are available for the Bank’s review upon request.
2. Taxpayer Authorization
(a) The ERO affirms that the Bank has been authorized to electronically debit the Eligible Taxpayer’s bank account to recover unpaid tax preparation fees, as stipulated in the Refund Disbursement Service Application.
(b) The ERO must obtain and retain authorization from each Eligible Taxpayer before the Bank initiates any debit. These authorizations must comply with the retention requirements outlined in the Refund Disbursement Service Application and related agreements.
3. Compensation Arrangement
(a) The ERO agrees that the Bank will charge a processing fee for successfully debiting tax preparation fees. The Bank does not guarantee the recovery of any unpaid tax preparation fees, despite the ERO's enrollment in the Program.
(b) The Bank will deduct a processing fee of 15% of the total amount debited from the Eligible Taxpayer’s account. The remaining funds will be deposited into the ERO’s designated bank account.
4. Termination
(a) This Agreement is valid until December 31, 2024, unless terminated earlier in accordance with its terms.
(b) The Bank may terminate this Agreement at any time without prior notice or liability to the ERO. Termination of the Refund Disbursement Service Application or related agreements will automatically terminate this Agreement.
(c) The ERO may terminate this Agreement at any time by notifying the Bank.
(d) Any outstanding amounts owed by the ERO to the Bank will remain payable after termination.
(e) The ERO agrees to indemnify and hold the Bank harmless from any losses, expenses, or costs (including attorneys’ fees) arising from the ERO’s failure to comply with the terms of this Agreement.
5. Miscellaneous
(a) Each Party will bear its own expenses related to the performance of its obligations under this Agreement. No Party is authorized to incur expenses or liabilities on behalf of the other.
(b) To comply with the USA PATRIOT Act and related regulations, the Bank will require the ERO to provide identifying information, including name, address, date of birth, driver’s license, tax identification number, and other documents necessary for verification.
Acknowledgment and Agreement