Independent ERO Agreement
This Independent ERO Agreement is entered into as of 08/01/2025 by and between Tax Academy hereafter referred to as the “Company,” and the ERO.
1. Purpose
The Company authorizes the ERO to operate under its Electronic Filing Identification Number (EFIN) to transmit tax returns to the IRS and/or state taxing agencies.
2. Independent Contractor Status
• The ERO is an independent contractor and not an employee, partner, or agent of the Company.
• The ERO is solely responsible for their own taxes, insurance, and expenses.
3. Compensation
• Tax Preparation Service Fees: The ERO shall retain 100% of all tax preparation service fees collected from their clients.
• Rebate Split: Any rebates distributed by banks or third-party providers related to financial products (including, but not limited to, Refund Transfers, Advances, or other related incentives) and paid to the Company in May of each year shall be split 50% to the Company and 50% to the ERO.
• Payments of the ERO’s portion of rebates shall be made within 2 days of the Company receiving funds.
4. Responsibilities of the ERO
• Ensure accuracy and compliance with IRS and state regulations.
• Protect taxpayer data in accordance with IRS Publication 1075 and other applicable privacy rules.
• Operate in good faith and maintain professionalism.
5. Responsibilities of the Company
• Provide access to the Company’s EFIN for authorized use.
• Process rebate distributions and remit the ERO’s portion in a timely manner.
• Provide necessary compliance guidance and support.
6. Term and Termination
• This Agreement shall remain in effect until terminated by either party with [30] days written notice.
• The Company reserves the right to terminate immediately for fraud, misconduct, or violation of IRS compliance rules.
7. Confidentiality
Both parties agree to maintain strict confidentiality regarding taxpayer information and business practices.
8. Governing Law
This Agreement shall be governed by and construed under the laws of the State of [Your State].
9. Entire Agreement
This Agreement constitutes the entire agreement between the parties and supersedes all prior understandings.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.