Due Diligence
The United States Congress, in response to significant tax fraud arising from the decision to distribute federal social welfare program benefits through tax returns, has imposed new, extensive due diligence requirements on paid tax return preparers whose clients claim certain tax credits. These new requirements, combined with the already stringent measures previously implemented by the Internal Revenue Service (IRS), compel tax preparers to rigorously question and verify their clients' eligibility for credits such as the Earned Income Credit (EIC), Child Tax Credit (CTC), Additional Child Tax Credit (ACTC), and Head of Household (HOH) status. If you intend to claim the Earned Income Credit (EIC), Child Tax Credit (CTC), Additional Child Tax Credit (ACTC), Head of Household (HOH) status, and/or the American Opportunity Credit (AOC) on your tax return, please complete this questionnaire.

Areas of Emphasis

Around 60% of all mistakes in EITC are results of 3 main areas:

1. The child might not meet the age, residency, or relationship requirement.

2. The case might be that someone is filing as single or HOH when he/she is actually married.

3. A mistake might arise when reporting income or expenses. Special attention has to be paid when the client is answering these questions. 

The people who are eligible for EITC:

1. Have earned income
2. Have a valid Social Security Number
3. Are filing separately and not as married
4. Are not a nonresident alien
5. Are not a qualifying child of another person
6. Are not filing Form 2555 or Form 2555-EZ
7. Have limited investment income

Small Business - Self Employment

Please provide details regarding your business. If you are not self-employed, skip this step.

Consent for Payment

We value our relationship with our clients. We are in the business to provide you with the best service possible. We want to remind you that you are being provided a service and not a tax refund. You as a taxpayer have the option to pay your tax preparation fees by: cash, money order, credit card, electronic payment, or directly from your refund.

If you choose to have the tax preparation fees taken from your refund and your taxes are intercepted, YOU ARE STILL RESPONSIBLE FOR THE TAX PREPARATION FEES!  By signing your return, you are agreeing to pay the tax preparation fees regardless of if your refund is released or not. 

Upon our notification of your refund being intercepted, we will send you an invoice for payment. If payment is not received within 30 days of the invoice then we will proceed with ACH processing or collections if no bank account is held by the client. 

NOTE: The Department of Treasury's Financial Management Services (FMS) can offset ANY UNPAID federal or government debt against your refund WITHOUT prior notice.

Most commonly, the offset is taken for: Past due child support, Debts owed to a federal/ state agency, Unemployment debts owed to state, and/or past due federal student loans.

CONSENT TO DISCLOSURE OF TAX RETURN INFORMATION

Federal law requires this consent form be provided to you. Unless authorized, we cannot disclose
your tax info to third parties beyond preparing your return without consent.

You are not required to complete this form to receive our tax preparation services. This consent is valid for one year from the date of signature or until revoked.

I authorize K Luxe Prosperity Firm to disclose my tax return information to EPS Financial and Santa Barbara TPG to process refund transfers or refund advance products.

 
 
CONSENT TO USE OF TAX RETURN INFORMATION

Federal law requires this consent form be provided to you. Unless authorized by law, we cannot use your tax return information for purposes other than preparation and filing of your tax return without your consent. You are not required to complete this form to engage our tax preparation services. This consent is valid for one year from the date of signature or until revoked.

I authorize K Luxe Prosperity Firm to use my tax return information to inform me of tax-related products or services.

Tax Return Preparation

We will prepare your tax return based on the information you provide. If your return is audited, you will be responsible for verifying the reported items. Please review the return carefully before signing to ensure the information is correct. Unless otherwise stated, the services for preparing your return do not include auditing, review, or any other form of verification or assurance.

Taxpayer Responsibilities

You agree to provide us with all income and deductible expense information. If you receive additional information after we commence work on your return, you will contact us immediately to ensure that your completed tax returns contain all relevant information. You affirm that all expenses or other deduction amounts are accurate and that you have all required supporting written records. In some cases, we may ask to review your documentation. You must be able to provide written records of all items included on your return if audited by either the IRS or state tax authority. We can provide guidance on what evidence is acceptable.

Before signing, carefully review the return to ensure the information is correct. It is advisable to keep a copy of your tax return and any related tax documents. A fee may be assessed if you request a copy in the future.

By signing below, you acknowledge reading, understanding, and accepting your obligations and responsibilities.

For a joint return, both taxpayers must sign.

By signing below, I certify that all information I have provided is true, correct, and complete to the best of my knowledge. Based on this information, I understand that K Luxe, LLC and its agents are not responsible for any delays in my refund caused by incorrect information (e.g., social security numbers, names, or dates of birth) provided by the taxpayer. I request that my tax return be prepared based on the information I have provided.

***TAKE A PICTURE AND SAVE THIS INFORMATION***

Once you have completed the intake and submitted all necessary documents. We will receive a instant email notification of your submission. If you do not see "Thank you for Choosing Us" the submission was not recieved. 

In order to be placed on the waiting list YOU MUST HAVE ALL REQUIRED DOCUMENTS & INFORMATION SUBMITTED.

If you are missing anything, you will receive an email notifying you of the necessary documents. You will not be placed in line to be serviced until we have received eveything required to complete the return. 

Once we have completed the return, you will be contacted in order to go over details of your tax return.

Once we have your consent to file, we will send you the Customer Portal for your signature. You will need to create a login for access. Once the return is signed we will submit to the IRS, and a copy will be place in the customer portal. Please download a copy for your own records.

Please note the IRS generally takes 21 business days to process a return. If the return has EITC or AOTC on the return the IRS will not process until AFTER February 15th.

If you have any additional questions reach out.

Kae Mitchell

Email: Info@kluxeprosperityfirm.com

Phone number: (901) 786-4993

(If you text or email please always provide your full name for a faster response.)