Letter of Engagement
Thank you for choosing LAB Tax & Financial Services LLC to assist you with your taxes return. This letter confirms the terms of our engagement with you and outlines the nature and extent of the services we will provide.
We will prepare your requested federal and state income tax returns. We will depend on you to provide the information we need to prepare and complete accurate returns. The law imposes penalties when taxpayers underestimate their tax liability. We may ask you to clarify some items but will not audit or otherwise verify the data you submit.
We will perform accounting services only as needed to prepare your tax returns.
Accordingly, our engagement should not be relied upon to disclose errors, fraud, or other illegal acts, though it may be necessary for you to clarify some of the information you submit. We will, of course, inform you of any material errors, fraud, or other illegal acts we discover.
I acknowledge that all information provided to LAB Tax & Financial Services LLC is true and accurate to the best of my knowledge. I understand that I am required to have any supporting documentation to validate the information provided. Furthermore, I understand by knowingly providing false information on my tax return and reporting it to the IRS, I am taking part in a potentially criminal activity and said activity is punishable by law including but not limited to: facing court dates, restitution, and possible imprisonment. I waive LAB Tax & Financial Services LLC and the preparer of any liability for errors due to incorrect information provided by me. By signing below, I authorize LAB Tax & Financial Services LLC to file my tax return.
I acknowledge by signing this form if I and/or my spouse owes a federal/government debt such as deliquent taxes, child support, student loans etc., I/we are still responsible for tax preparation fees due to LAB Tax & Financial Services LLC at the time of service. Also, if the federal refund amount is mailed, I/we are still responsible for the tax preparation fees stated on the invoice. If the tax preparation fees are not paid, I understand LAB Tax & Financial Services LLC will take legal action to collect the unpaid tax preparation fees. I also agree that I/we will not dispute tax preparation fees for services rendered due to IRS delays.
Invoices are due and payable upon presentation. We will return your original records to you at the end of this engagement. You should securely store these records, along with all supporting documents, canceled checks, etc., as these items may later be needed to prove accuracy and completeness of a return. We will retain copies of your records and our work papers from your engagement for three years, afterwhich these documents will be destroyed. Paper copies of the tax return and other documents will be available for a fee.
Our engagement to prepare your tax returns will conclude with the delivery of the completed returns to you (if paper-filing), or your signature and our subsequent submittal of your tax return (if e-filing). If you have not selected to e-file your returns with our office, you will be solely responsible to file the returns with the appropriate taxing authorities. Review all tax return documents carefully before signing them. You agree to allow LAB Tax & Financial Services LLC to file your tax return and understand we do not give quotes to be comparable to DIY tax software. By signing this agreement your signature is now transferrable to IRS forms 1040, 8879, 7216, and all other applicable forms in the finalized tax return from this document, for submission.
You also agree to receive text messages and emails from LAB Tax & Financial Services LLC about your tax return and future opportunities with LAB Tax & Financial Services LLC.
By signing this form you agree that the bank account on file will be drafted a processing fee of $100 (1) in the event your return is rejected due to you already filing or applying for a loan with another tax firm, (2) in the event our office completes your return and you do not sign your return within 24 hours of us notifying you that your return is ready for signature (we will consider your return filing abandoned and that you have filed elsewhere, and deactivate your return in our system)
To affirm that this letter correctly summarizes your understanding of the arrangements for this work, you agree to allow LAB Tax & Financial Services LLC to file your tax return and not just give a quote and your signature is transferrable to the tax return from this document, please sign this letter in the space below.