Note: Acknowledgements by Client. The law imposes various penalties and interest on taxpayers who underestimate their tax liability. You acknowledge that any such understated tax, along with any related interest and penalties, are your responsibility. The Firm has no responsibility in this regard. If you would like additional information about the amount or circumstances of these penalties, please contact us. Tax laws are subject to change and may sometimes be applied retroactively. The Firm does not guarantee that such changes will not adversely affect the amount of any refund, credit, or tax liability that may apply to you. Certain communications between a client and a tax preparer are privileged under the law and are not subject to disclosure to the IRS. However, any information you provide to us for the purpose of preparing your tax returns is not protected by this privilege and may be discoverable by the IRS. It is your responsibility to provide the Firm with all necessary information to prepare complete and accurate tax returns. The full Fee must be paid prior to filing your tax returns and/or delivering the completed returns to you. Tax returns are subject to audit by taxing authorities. If your returns are audited, you may be required to provide source documents to substantiate the information reported on your return. The Firm can assist you in preparing for an audit; however, this service is not included in the Fee specified in Section 4. Audit preparation assistance will require a separate letter of engagement. You are advised to retain backup documents for your tax returns for at least seven (7) years after filing.