NEW CLIENT CHECKLIST

Terms and Conditions

I hereby authorize YYL CPA P.C. to initiate an ACH debit charge to my bank account for payment of services as outlined in the Service Agreement or as specified in the service invoice. 

我授权 YYL CPA P.C. 从以下指定的银行账户扣取会计服务费

My authorization will remain in effect until the terms of the agreement are fulfilled. I understand that I may cancel the services at any time by providing a 30-day written notice in advance.

我的授权在规定的会计服务完成之前一直有效，我可以写信取消

YYL CPA P.C. will maintain the confidentiality of my bank account information. The charge on my bank statement will be listed as coming from YYL CPA P.C. 

YYL CPA P.C. 将会对我银行账户信息保密，我账户上将显示扣款人为 YYL CPA P.C.

I agree to pay any merchant account chargeback fees incurred by YYL CPA P.C. in the event that a charge is returned for any reason.

如果因为任何原因银行扣款失败，我同意负责 YYL CPA P.C.产生的银行费用

Please upload all documents at least 30 days before the tax deadline via our secure client portal at https://yylcpa.smartvault.com. If you cannot access the portal, contact our office for assistance. After reviewing your completed tax return, please sign the electronic filing authorization (Form 8879) via DocuSign and submit the service fee payment to enable us to file your return electronically.

Regarding any questions you may have, call us at 516-829-6600.Thank you for your business!

The YYLCPA Team

3.What bank account information do you use on your tax return to process electronic tax refunds or payments?We recommend using an account that you frequently access and maintain a sufficient daily balance. Please provide a void check for accuracy purpose.

请提供报税用的电子交税和电子退税的银行账户信息,我们建议使用一个您经常用的,里面每天有足够余额的账户.请提供一个作废支票照片用于核对信息

I (We) have submitted this information solely for preparing my (our) tax return(s Each item is supported by receipts, cancelled checks, or other documents. Under penalties of perjury, I certify that this information is true, correct, and complete. I (We) have read and agree to the terms and conditions in the attached engagement letter.

申明:以上提供资料均属事实,我们同已阅读并且意以下报税委托合同书条款

(if married filing jointly,夫妻合报税者，配偶签名)

WELCOME

Thank you for choosing YYL CPA to prepare your tax return. We value your business and are committed to your satisfaction.

This letter confirms that we will prepare your individual and/or business Federal, and any agreed-upon State and local tax returns for 2024, based solely on the information you provide.

All information will be kept confidential and will only be disclosed to a government agency as required by law.

TAX SERVICES – OUR PART, YOUR PART

Our commitment to you: YYL CPA prepares your tax return professionally and affordable. For new clients, we conduct a thorough interview to gather relevant financial details, while for returning clients, we update and review any changes.

We use advanced technology to ensure up-to-date returns and e-file submissions. We retain your documents for 3 years, after which they are securely destroyed. You are responsible for keeping any records that may affect your future taxes. All original documents will be returned.

Our services do not include fraud detection or auditing, but we may ask for clarifications or additional information as needed.

Your commitment to us: Our fees assume you provide organized tax information and complete all required documents. Using the provided forms helps keep costs down. We may request supporting documents (e.g., W-2s, 1099s) to ensure accuracy. You agree to provide this information to the best of your ability.

We operate on a first-come, first-served basis. To meet deadlines, new clients must submit all documentation 35 days before, and returning clients 30 days before, the tax deadline. Work begins only after all documents are received. If more time is needed, you can request an extension and estimated tax payment to avoid penalties. To have YYL CPA file the extension for you, simply provide written consent.

To our business clients: You are responsible for maintaining adequate records, including a log or diary with details of expenses, along with receipts and documentation for all claimed business expenses.

GUARANTEES

YYL CPA guarantees assistance if you are audited for a return we prepared, helping to explain how we arrived at the amounts. However, this does not include representation in the audit or advice on how to represent yourself.

If our error causes penalties or interest, we will pay the penalties, while you are responsible for the tax and interest. This does not apply if the penalties result from incomplete or inaccurate information you provided. In case of an audit, note that the IRS shares information with state agencies. YYL CPA will only cover penalties up to the first notification if we made an error, but you are responsible for timely responses and payments.

YYL CPA is not responsible for the client’s failure to file or resolve issues, including technical difficulties like e- filing problems or lost returns. Returns e-filed within three business days of the deadline can be corrected if needed; those filed later are not guaranteed. The client is also responsible for any bank issues related to tax refunds or payments.

If you or your entity have foreign accounts, you must provide us with the necessary information to file Form FinCEN Report 114 by April 15th. Additionally, if you have a foreign trust or other foreign investments, you may need to file Forms 3520, 3520-A, 1041, and other disclosures.

Failure to provide this information means we cannot prepare the required forms, and penalties may apply. Without this information, we will assume you have no foreign assets and will not file any disclosure forms without separate written authorization.

Under IRC §6038 and §6046, you may be required to report information on foreign corporations (Form 5471), foreign-owned U.S. corporations (Form 5472), property transfers to foreign corporations (Form 926), and foreign financial assets exceeding $50,000 (Form 8938 These forms are due with your tax return, including extensions. Failure to file on time may result in significant penalties. By signing below, you accept responsibility for notifying us if you need to file any of these forms and agree to provide the necessary information. We are not liable for penalties due to failure or late filing.

You are responsible for reviewing and approving your completed tax return before signing it. In case of an audit, you must provide supporting documents, as YYL CPA does not retain your original records. You should keep your tax return and all supporting documents for seven years and provide them if needed for an audit.

Corporate Transparency Act/Beneficial Ownership Reporting

Assisting with compliance to the Corporate Transparency Act (CTA) and beneficial ownership information (BOI) reporting is not part of this engagement. You are solely responsible for complying with the CTA, including collecting ownership information. We are not liable for any failure to comply. For more information, visit fincen.gov/boi and consult legal counsel if needed.

PAYMENT

Our fees are based on standard rates, time spent preparing your return, the organization of your data, out-of- pocket expenses, and the value provided. Business clients who don't supply appropriate financial statements will be charged for bookkeeping. Additional services like tax planning,projections, audit representation, or responding to notices are not included in the tax preparation fee.

Full payment is due before e-filing, or when you pick up or before mailing a paper return. A $30 fee applies for insufficient funds, and any collection costs will be your responsibility. If payment is not received within 30 days, a 10% annual charge may apply.

MISCELLANEOUS

YYL CPA is paperless and requests electronic copies of your information. We provide 24/7 access to your tax return via a secure client portal. If you prefer a hard copy, it’s available for a $50 fee. Electronic copies are free.

If the client decides not to have YYL CPA finalize the return, they are responsible for paying for time and expenses up to the notification date within 10 days of receiving the invoice. All original documents will be returned, and notes or a copy of the return will be provided after payment is received.

We may communicate with you via email, but cannot guarantee secure delivery or that emails will be read only by the intended recipient. We disclaim any liability for interception or unintentional disclosure of emails, and are not responsible for any loss or damage, including loss of revenue or disclosure of confidential information, resulting from email transmissions.

If disputes arise, YYL CPA may use Nassau County’s Dispute Resolution Program, where a neutral third party helps resolve the issue. Damages will not exceed the total contract amount. This agreement is governed by the laws of New York, in Nassau County and the city of Great Neck, except for small claims court matters.

We are honored to have you as a client and look forward to a long and successful business relationship. Thank you for your business.

I/We have read and fully understand the terms and conditions outlined in this engagement letter and hereby agree to them. Please sign below to acknowledge your agreement.